How are you able to get rich with rentals?

[Brett Mason]

Hey guys! I’m just starting out with RE investing and I just had a few questions.

1. How are people able to become millionaires through owning rentals? I understand how cash flow works but I just can’t understand how $100-$200 through cash flow that people are becoming millionaires. Does the wealth come once you pay off the house?

2. What benefits are there for owning rental properties?

3. Is 15 years or 30 years a better option for paying back your mortgage?

4. And lastly, do you guys prefer normal bank financing or hard money lenders? What’s the benefits of both?

Thank you guys so much for all the help and any advice would be greatly appreciated!!!