Real estate wealth building

[Abraham Shamosh]

Hi All,

I always wonder, how are the big guys playing the game and getting really wealthy. Like Donald trump, is he making his money by refinancing? Selling ? How do these people live off there real estate and have such wealth ? Like for us it seems like an investment but we still need to Keep Our jobs. Because for me to be financially free I would need 300 doors if I’m making 100 per door lol. I just don’t get it. (I might get a lot of heat for this question but heck lol)

[Tanner Sherman]

You won't "get heat" for asking a genuine question like that on here. President Trump has created his wealth through commercial real estate development. I think you already have the answer, you just need to figure out how many doors you need to quit your job and focus on real estate full time. Maybe getting from 1-15 doors will take you 2 years, 15-50 will take you 1 year, and then you find a way to live off that 5k per month, and can scale from 50-300 doors in another 4-6 years. So in less than 10 years you are financially free. There is no instructions manual to getting to financial freedom, just tools that you can combine with each other. Like selling a property to 1031 into a bigger property, or refinancing a property to get 3 more properties. The most important thing is taking action and doing something.