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Updated over 2 years ago on . Most recent reply

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44
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Steven Baca
  • Real Estate Agent
  • Victoria Texas
14
Votes |
44
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How do I turn $55k if $1M?

Steven Baca
  • Real Estate Agent
  • Victoria Texas
Posted

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!

Most Popular Reply

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Greg Scott
#3 General Real Estate Investing Contributor
  • Rental Property Investor
  • SE Michigan
5,644
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3,927
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Greg Scott
#3 General Real Estate Investing Contributor
  • Rental Property Investor
  • SE Michigan
Replied

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. ;-)

  • Greg Scott
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