Room Rental to 8+ Figure Portfolio…

[Account Closed]

Hi everyone, I am getting married later this month, and my wife-to-be and I live and work in the Bay Area. We are both in our early 20s and keep our expenses extremely low (less than $2k a month). We rent a room in a house. Do not own anything yet. I work in CRE sales, she's a nanny. We live off her income so I can focus on building my sales pipeline and saving capital to buy our first rental property. Our goal is to achieve a million in cash flow by 30. For those who have aspired to and achieved this, what would you do differently? How would you structure your finances? Or! What would you differently? I do like Dave Ramsey and think that leveraging in the beginning and paying off the debt as quickly as possible is imperative. What are others' thoughts? Our big goal is to have a large 8/9 figure+ portfolio by our mid 40s, owning multi-family, retail, and some single-family homes. I've read the blue (MREI) and red book (MREA) a few times. In the blue book, it says we need to invest $1m and own roughly $12M in properties. How accurate is this today and in the next ten years with inflation? Any/all advice is appreciated!