i think this is a "both / and" answer. wealth is built through asset appreciation so I think it's important to hold those blue chip properties. 

Somebody just told me that it was impossible to flip houses without a bank or investor backing you. Let me set this straight. I was born and raised in a small town in the middle of Iowa. Every since my early teen year...

Hi BiggerPocketeers,I wanted to hear your opinion on how best to leverage our cash 'without leveraging our cash'...After a diet of gruel and water, my wife and I have saved up a solid wad of Benjamins.

That’s not to say I couldn’t lose money or anybody couldn’t’ lose money, but even in a crash…especially in a crash, there are great opportunities to get wealthy.

Unless your client is wealthy, I doubt the lifetime threshold is an issue.

Choosing when to sell and being forced to sell are two totally different things.Unfortunately depreciation does not make you wealthy either. depreciating means the useful life of the asset is diminishing.

You aim for the stars, and you become wealthy.  

I am guessing that many would be happy with a better return on the 'safe' portion of their portfolios.There is another portion of my list of very wealthy (at least for our area) people, some of who I have been in on joint investments before, that would care less about the presentation, and just trust things if it was something in their realm of comfort.

Lots of larger colonial homes, known for wealthy summer residents.

My parents were both active in all sorts of property transactions from Buy and Hold, Rehab, Flip, ect.I was raised on diet of Rich Dad, Poor Dad, Automatic Millionaire, and Millionaire Next Door and at 29 it is finally clicking.