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Updated about 5 years ago on . Most recent reply
7 Years to 7 Figure Wealth
Hey all. I'm a big fan of the presentation that Brandon Turner put together awhile titled "7 Years to 7 Figure Wealth" (http://www.biggerpockets.com/renewsblog/wp-content...)
For those of you that are familiar with it or check the link out, is this just hypothetical or are there actually multifamily properties out there for this cheap that could produce a cashflow? Interested to hear if anyone has followed a similar path and had success.
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I went from 50K to 500K in networth in about 6 years, mostly with real estate appreciation. I would consider myself to be a part-time real estate investor with no desire to be full-time. If I hated my day job and need to get to 1 million net worth to quit my day job and do real estate full-time, I think it's possible to get there in 7 years.
For example, I moved to Florida during the housing bust and bought one house. If I was super motivated to leave the rat race, I would have probably bought 3 houses and hustled more during 2011-2013.