It's all related to the same, in-depth study of how people accumulate wealth, a project he carried on for decades and now continued by his daughter.There were certain parts of the book and the rest of Stanley's writing that just didn't apply to me at the time I read it: discussions of how owning a big, opulent primary residence screws you financially, why teaching your adult children to rely on you financially can be a natural inclination but a very bad idea, and one of the ideas that Stanley pounds home again and again -- wealth allows you to seize fleeting opportunities that others cannot take advantage of.

If your goal is to accumulate a rental portfolio, I would definitely leverage property managers so you can focus on your investment strategies rather than day-to-day operation of Property Management.

He's accumulated quite a large bill because of this. 

Hi Peter,I would think that paying off your student debt first is the fastest way for you to start accumulating wealth and investing in real estate.

My goal is to use my income from my job to supplement some real estate investing until I can accumulate enough passive income to quit and enjoy the freedom to be with my family.

If the property doesn't throw off enough cash to pay the pref current, it accumulates, so you have to keep track of the capital account.

Long term I want to accumulate enough properties to have a monthly cash-flow that is comparable to my cash-flow from my direct sales business.  

In the meantime I’m just accumulating dollars until that happens.

Seems like buy n hold w/ refinancing or 1031 exchange to the next property to create that snowball in real estate is arguably the best ways to accumulate wealth in real estate. 

I'll probably continue to take care of the work myself (at least for now) when accumulation is low like 4-6 inches or less... but the 6-12 inch nonsense like we had last night is something I'd much rather outsource lol.