@Erin Dorsey Robinson
Many that reach 1M in net worth quickly start with a multi-family house hack. With an FHA loan, you could put as little down as 3.5% on essentially an investment property. If the numbers work just right you many cash flow while also living free, and on top of that you begin to gain equity.
After year 1 you could then refinance into a conventional loan and move into another multi-family with another FHA loan. You now have 2 multi-family properties only in at 7%.
To go even faster you more than likely could invest the money you are now saving from rent into another single family as a buy and hold investment (rental).
After just a couple of years, with the mortgage pay down, appreciation, and the cash flow you would be worth 1M.
On top of that, if you would like to go even faster you could do a couple of flips. I could feasibly see you seeing your first million in 4 or 5 years following a similar plan.
