Someone with millions of dollars in the bank can sustain a total loss on one investment without it materially changing their life for the worst.

What he said about investing for cash flow and not capital gains really resonated for me.

HI BP community I have a land that I want to build several houses on it, and I am looking for a good a builder who I will going to have good sustainable long  term relationship. since I am building those houses for rent  and not my own dream house, so they must be as efficient as possible and quality for rent.  

But I am not sure they are well equipped to run a stable, sustainable turnkey real estate operation.If you are having trouble reaching Clayton, look for him on Twitter, where he seems to be posting every few hours.

And in a solid B class area that is sustainable, not some of the junk C- class areas you'll see for far cheaper.  

Outside of a few major centres (Vancouver, Toronto, MTL, Calgary, etc) you do not have density to sustain a wholesaling business (if it is your only source of income);Mortgage arrears/delinquency  - Mortgage arrears in Canada are historically far lower (<1%) than in the U.S.A. and delinquencies are less than half the amount of arrears.  

If you hope to expand down the road you will likely want the cash flow properties because they are self-sustaining and do not damage your debt to income like the typical class A property.

I work part-time for a real estate company (Nomadic Real Estate) as a leasing agent and I just passed my VA salesperson exam so I hope to sell real estate in Virginia within the next couple of weeks.Within the next 4 years, I would like to generate enough passive income so that I can save for my future family.The ultimate goal is to generate enough money to be able to start and sustain a social entrepreneurship business to help schools in West Africa.On Bigger Pockets, it would be great if I could network with like-minded individuals.Francis

Most people (myself included) can't afford to live here at current price points and I can't imagine how that is sustainable long term.

Make sure you have enough resources to create a sustained campaign.