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Updated over 16 years ago, 07/28/2008

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155
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2
Votes
Jason Schmidt
2
Votes |
155
Posts

networth of $1M by buying 1 100k house a year for 10 years?

Jason Schmidt
Posted

The book i am reading said that if you take into account a 5% appreciation rate of property, you can potentially become a millionaire by buying 1 100k house a year with 10k down payment for 10 years.

my math is awful, and i have tried to cut this every way possible - is this true, or not? If so, how?

This is from the book "The Millionaire Real Estate Investor"

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