Did you know that real estate is one of the single largest generators of wealth across the world? In fact, real estate has been a source of wealth for many for hundreds of generations. The term real estate is actually first recorded in the 1660s and is derived from the Latin meaning of existing and land. Do you know why real estate is one of the best vehicles for generating wealth? Because it’s real! 

Think about it, if you own a piece of real estate in the traditional sense of the word, you can actually see the land with an asset attached. There are many alternate forms of investments out there these days like crypto. Unlike these alternate forms of investing, real estate has been a strong source of generating wealth for hundreds of years and isn’t going anywhere. Everybody needs a place to sleep, right? 

So how can you make millions in real estate? Actually, several ways. How do the rich get rich? By using OPM, or “Other People’s Money.” You can do the same if you know the rules of the game and spend the time to educate yourself properly before diving into real estate. You have probably been taught all your life that debt is a bad thing. What if it isn’t if used strategically and intelligently? Right now if you had $100,000, and were given a choice to buy one property paid off or divide the 100,000 dollars into five $20,000 down payments on  5 properties worth $100,000, what would you do? 

Let’s say paid off, the one property pays you $1,000 in cash flow on top of it while the other 5 that have a combined $400,000 in debt cash flow only $200. You’re making the same amount of cash flow at this current time and option A is paid off, what would you do? Pick option B. Why you may ask? You used the power of leverage to take control of $500,000 in assets that cash flow with debt a combined $1,000 a month in profit. At the same time, your tenant is paying down the debt on your deals and you are gaining equity each month as your debt goes down. Once that debt is paid off, your cash flow will be even higher and now you can live comfortably financially free. 

This is the name of the game. There is nothing wrong with choosing option A if that aligns best with your level of risk tolerance. Option B however nets you control of $500,000 in assets that will be paid off one day and cash flow $200 each with debt. After the debt is paid off your income doubles and now your stream turned into a river. What if you went and repeated the process one more time? You can become a millionaire in less than a decade using the proper strategies. 

Now, this is only one way of becoming a millionaire in the real estate business. You can also follow other strategies such as fix and flip to over a million which has been done many times. You can also become a real estate agent and do over one million dollars in commission. The point is, you must learn and educate yourself, and with us helping you here at Real Success you will be empowered to make educated and informed decisions that will help you create long-term wealth for yourself.