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Updated over 2 years ago on . Most recent reply
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How do I turn $55k if $1M?
BP Colleagues,
Open to new formulas on turning ~$55k into $1M. Seeking suggestions, mentorships, possible partner(s) and new ideas. Willing to discuss in person if within a 100 mile radius from Victoria Texas!
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- Rental Property Investor
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Any one deal that promises to turn $55K into $1M is unrealistic, unless you are willing to wait a long time. More likely it will be a process of multiple deals that get bigger and bigger or grow from one deal at a time to many at a time.
First, you turn $55K into $110K
Then you turn $110K into $220K
Then you turn $220K into $440K
Next you turn $440K into $880K
Finally, you double the $880K. To be helpful, if you really want to stop at $1M, you can send me the extra $760K as consulting fee. ;-)