Originally posted by @Brian Plajer:in that case, I wish I had richer friends,lol So does everyone else, that is why the hard money industry exists, because most of us dont have a rolodex full of wealthy friends who also happen to have no idea what to do with piles of cash.

Not everyone is born with the same "opportunities" as wealthy people, but we all have opportunities to make of ourselves what we desire.

Neither did my parents, who became very wealthy from their primary in South Korea.What's the point of FI (if you call managing tenants a form of independence, that is) if you have to rent an apartment or deprive yourself all the time? 

There is appreciation too (both forced and market), which creates both equity AND cash flow over the long term and is where true wealth is created, especially for Californians.

High leverage is absolutely excellent way to get wealthy over time, but these goals don't align with your risk tolerance-- hence my suggestion.

Alaska isn’t short of wealthy individuals, but this post was essentially a broad net.

Wealth is incredibly hard to obtain and 10x harder to keep.

Those pieces of real estate are simply low risk parking spaces for the wealthy, not an opportunity to build passive income or work your way up the real estate ladder.Go single family - I've bought 8+ bedrooms on the MLS that cashflow really well after a medium-heavy cosmetic renovation.

These 4 will give you an idea of how wealthy the residents are and how desirable the neighborhood is.

It’s because of my work that we will become wealthy.