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Updated about 7 years ago on . Most recent reply

What's the fastest way to build wealth in real estate?
What's the fastest way to build wealth in real estate?
I am just getting started in real estate investing. I am currently renting and do not have any properties whatsoever yet. I have a good down payment (150k-200k) but not sure where I should start. I am planning to move to Texas. What is the quickest way to build wealth in real estate? Is it to buy commercial (e.g. apartments, self-storage)? Is it to run hotels? Can real estate bring as much cash flow and wealth as a physician salary? I am around 25 y/o and I want to build wealth + cash flow / passive income as quickly as possible.
Most Popular Reply

- Lender
- Lake Oswego OR Summerlin, NV
- 63,198
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I would keep doing whatever your doing to save 250k in cash by the time your twenty five... keep doing that forget real estate..
only way you pocket big money quickly in real estate is either in the rental business you start with big money.
or you do value add.. flips new construction land rezones ... etc etc.
if your looking to do it land-lording.. then that's a slow boat.. and of course you have plenty of time.
but the way to scale in rental is to pay cash then value add so you can hopefully refi all your cash out then do it again.
this is communally called BRRRR although some think this BRRR is new its actually the way most investors did things prior to the GFC when you were the rip old age of 15..
- Jay Hinrichs
- Podcast Guest on Show #222
