I will not start investing in lower-class neighborhoods, but as I build wealth I will buy in my old neighborhood that happens to be very rough.  

My father went their for about 10 years ago in the past to make a living and came back to the Dallas area a wealthy man that allowed him to pay cash for his home on a golf course.

If you do this, it imposes discipline on you so you do not buy a bad deal, and it also means that, when the nominal value of the property decreases during the coming downturn in the market, you are still collecting cash from the property and can afford to hold it while you are waiting for the market to trend up again.You don't need to worry about appreciation because cash-flowing assets will always appreciate along with the others.I take issue with the person who advised you to buy in wealthy areas in a state like CA, as those are the ones least likely to provide you with positive cash flow.  

Putting a pool and many upgrades to attract the young professionals that may be here only for a year or 2.Yes, we do have a tremendous amount of commercial development as well as job hiring, cultural, etc. happening in the Tampa/St.

Places like these are typically built by either companies who are in it for the long haul or wealthy people as a place to park their cash and get some kind of return/tax break on it.

So with that let's not forget things that might motivate; love, fear, greed, esteem, dignity, public perception, culture, religion, empathy and values.

Great, friendly folks, good questions that actually get answered, no associated sales pitch and a welcome no-nonsense, professional tone.Joshua, you've done a great job creating and maintaining the culture of BP - not an easy task on the internet by any means.

While I will agree that *if you know what you are doing*, RE can be a great path to wealth, I wouldn't advocate putting all your eggs there and ignoring other investment vehicles.

One thing we never lost was culture, we are seeing a massive renaissance in our communities across the entire Greater Cleveland Area.Yes, we have amazing infrastructure stretching from anchor facilities such as major medical systems with integrated learning and university elements, public transportation, family friendly, arts, sciences, manufacturing, easy highway access, coastal neighborhoods, new modernized port facilities, mining, fortune 500 companies and much much more.  

In addition to the tactical and analytical aspects of achieving this number, there is a lot of philosophy behind it ... below are a few of my current thoughts on the subject (none of which I came up with and some may disagree on):Wealth is measured in time, not dollars.