Spitballing: How to grow $1,000,000 in equity in 5 years?

[Hunter B.]

I've read two books now talking about goal setting, and I'm learning to hone in on specific goals that are actionable. I've looked within myself, and in the same way I've pursued achievement in other areas of my life, my goal in real estate is motivated by the desire to simply do awesome things. That goal is namely to raise $1 million in equity in the next 5 years. 

My question to you guys is, what's the smartest way to achieve that?

For example I'm looking at my first property for around $150k. Would it mean something like BRRR'ing 20 of these properties with 15 year mortgages, 30% paid after 5 years totaling $1,000,000? It's a bit of a puzzle based on what I've learned so far. I'd appreciate any help from smarter investors than myself.

[Ken M.]

Quote from @Hunter B.:

I've read two books now talking about goal setting, and I'm learning to hone in on specific goals that are actionable. I've looked within myself, and in the same way I've pursued achievement in other areas of my life, my goal in real estate is motivated by the desire to simply do awesome things. That goal is namely to raise $1 million in equity in the next 5 years. 

My question to you guys is, what's the smartest way to achieve that?

For example I'm looking at my first property for around $150k. Would it mean something like BRRR'ing 20 of these properties with 15 year mortgages, 30% paid after 5 years totaling $1,000,000? It's a bit of a puzzle based on what I've learned so far. I'd appreciate any help from smarter investors than myself.

.
The concept is different than the reality. 

If you buy in a typical investor method, you put 20% down on your $150,000 property. That means you put $30,000 down per house and have a payment on $120,000 per house @ whatever interest rate, say 6% for $1,012 a month plus taxes, insurance and repairs. So, 34 houses in this fashion gets you to your goal. Now, where are you going to come up with the $30,000 per house? Your payments are $35,000 a month plus 34 property tax payments, 34 insurance payments and repairs and replacements on 34 properties per month. But, you've got your perceived $1,000,000 in equity.

Then when you go to sell, costs with real estate agents, closing, etc is 8% to 10& so $80,000 to $100,000 leaving $900,000 in actual money which is then taxed as capital gains. 
That's the general idea.

The key is to have more coming in than going out, so rents have to exceed mortgage payments, taxes, insurance, repairs, vacancies and so on.