The long and short of it is that the trust would sell the props and reinvest into other income producing assets, and you could draw income from the trust during your life, and then whatever remains when you pass would go to your chosen charity (or educational institution, they reeeeealllly push this on their wealthy alums, but I like the idea of funding a worthy charity, personally).

I want my kids to all have a realistic view of what money is and what wealth is, not just how to get a biweekly paycheck!

I’ve always thought Real estate investing was one of those things that only wealthy or highly educated connected people could do.

The information & wisdom here will make you wealthy. 

We have zero experience in real estate but have the drive to learn and hopefully make a wealthy living of it.

At this point in my career as soon as someone tries to impress me with their wealth I almost immediately write them off.

If more wealthy decide to change their residence to Nevada,Texas ,Florida or another no income tax state it seems like it could have significant repercussions for CA.Will be interesting to see what happens. 

I mostly think it is because they may not get the power of real estate and what it can do for long term even multi-generational wealth.  I

Unless you’re independently wealthy, it’s really hard to invest in real estate - or even pay your bills for that matter - if you don’t have a job. 

The wealthy developers I know will often ask for owner financing just because it's easier than tying up more cash.Cash is king and just because you have it doesn't mean you want to have it tied up.