Preparing for a large commercial property ownership by 2028

[Amber Bennett]

I am a residential realtor with experience in helping investors purchase residential properties (which is 4 units or less in Pinellas County, FL) but none in commercial. By 2028, the goal is to own apartment buildings that cashflow $200,000 per month. 

Who do I need to know, 

who do I need to be connecting with, 

what properties should I be investing in TODAY to make this a reality 8 years from now?

[Erik W.]

Why do you want to earn $2.4 million per year and what are you willing to sacrifice to make that happen?  I'd work on the "Why?" first before worrying too much about the "What?" and the "How?"

Aside from paying Uncle Sam an insane amount of your income each year in taxes, why do you want to be among the top 1% of the top 1% of USA income earners?  How will you use that much money and in what ways will it improve your quality of life?

Let's be honest too: there are problems that ultra high income earners face that the rest of us don't.  In what ways will that level of income be a drag on your spirit, time, and energy?  Rich people have to spend a lot of time protecting themselves from the greed and envy of others.  It's just a fact.  Look at any celebrity tabloid or Facebook/Twitter feed.  Success breeds contempt, avarice, and the desire to "take you down."  Just for the thrill of it.

Here's an exercise I think is valuable: write down a list of the top 10 characteristics you think will describe your competitors and how will you overcome them.  Competition for that level of income from real estate investment/business will be fierce.

People often say that large sums of money changes people. In what ways will it change you?

Lastly, not to be too political, but there is a strong surge among the populists these day that are openly trying to destroy "the rich."  Would you still be happy if you work for 8 years, only to see your income tax rate rise to 90%?