Is real estate the best way to get rich? How much can you really make investing
in real estate? How much do people in real estate really make?
This is such a good question. Noelle gets asked this question all the time,
okay? I have literally made millions in real estate, mostly in the past,
6 years. And it is definitely not as hard as people have said it is.
There's a couple of steps that you need to do. But this is real estate. So,
real estate is one of the best ways to get rich.
It's just there's a lot of bad information out there. So, I
am going to have to tell you the truth. That's what we're going to do.
Let's go.
I'm going to share with you some real options for getting rich in real estate.
Not just in the short term or a couple of deals but long
term generational wealth. I'm going to share with you my real
life blueprint on how to start from zero and get into the 5% of income
earners. It's going to be a lot more surprising to what that means. I'll share
with you in a minute the top 5%. I'm going to make sure you
can get into in less than a year. And last but not least, if you stay to
the end, I'm going to share with you my secret sauce on how I went from about
$200,000 a year to over a million dollars a year from
1 year to the next. So, let's talk about real
estate because everybody wants to get into real estate but there's so many
different options in real estate of what you can
do. And so, there's many things. Let's talk about
real estate. Real estate can be anything from apartment buildings to strip malls
to vacant land, lots to single-family homes and
houses to condos to timeshares. There's just so
much when we are talking about real estate that it can get very confusing.
But I'm going to talk mostly about single-family homes
and commercial residential real estate. So, apartment buildings and things like
that. Things that people live in. Because that
has been my area of expertise in real estate. Now again,
you can buy warehouses, you can buy...
There's so much that you can do in real estate. But I like focusing on where
people live. I say this to you because I am
a little bit nerdy. Noelle literally has 2 master's degrees. I
have a master's degree in economic development from Penn State.
And I have my MBA from Baylor University. And so, one of the things that I kind of
learned over time both in my own experience and for my education,
is that you want to really follow the economics of what's going to be needed.
You want to be in a business or in real estate that's going to make
money over a certain amount of time. You don't
want just these get rich quick schemes. And so, in my education, I can tell you
for sure. This is not just my real world experience but even just from
a book standpoint. Real estate and where people live
is not something that's going to be going away. I can't tell you that we're
going to be able to live in cell phones. We're not going to be able to live in
laptops. Yeah, they may make
houses much smaller and tiny houses or you can live
in a container. But people need somewhere to live. We
don't necessarily like living under bridges or outside. We need
shelter. So, one of the things that we have found from our experience and from
our education is that residential real estate either
single family homes or apartments has been one of the most
steady and most lucrative types of real estate
year over year and in the long term, okay? Now, commercial real estate does have its
ups and downs. But when we're talking about residential
commercial real estate, it has been the number one steadiest type of real
estate investment out there. So, that is what I would encourage you to
focus on. It's how I've made my millions and i'm going to tell you how you can
make yours too. So, here's how you really get rich in
real estate: One of the main things is going to come
down to the first thing which is appreciation.
Okay? So, when we are buying real estate, the great thing about it is
on a long term level, we're not just talking just one year to the next. But
statistically speaking, real estate increases in value over time,
okay? So, just year over year, the values of homes and apartment
buildings and things like that and rents. They just go up year after year after
year as more people in the economy grows. So,
appreciation is one way that just builds wealth
naturally in the real estate market. Different from
some other investment vehicles. So, one of the things that you
want to be careful about and think about is "Where am I going to be buying
properties?" Okay? Because you really want to know
that appreciation is so important. You have to invest and buy properties
that are going up in value. They must be going up in value just not
a car. This is not a purse, these aren't shoes.
You want them to be increasing in value. And appreciation
is so important when we're talking about getting rich. Because here's how I have
made so much money. Buying properties at one
value and doing things like forced
appreciation, okay? Which is fixing the property up
adding value to it and then selling it at a higher value.
That has created wealth for me. That's created money for
me. So, just use an example. I get a property and it's a below market,
it needs some work, okay? I get the property for $100,000.
I put $20,000 into the property with new stainless steel
appliances painting the walls doing the floors, making it look nice.
And then i sell the property for $200,000. There was some
carrying costs. So, I probably walked away with 70,000. Now, I'm giving
you that example because I've done that over
and over and over again, okay? So, just think about if you could do this
over and over and over again, how much money you would have?
Okay? And this is not that difficult to do.
With the idea (of course) of forced appreciation where you are going to
force that value, you're going to force it to be worth more
by putting in some equity and some things to increase the value.
The second thing we're talking appreciation is
leveraged appreciation. And this is the amazing thing about real estate and why
it has created so many millionaires including the one that
you're looking at right now, is leveraged appreciation with real
estate. And I know you guys have heard this before.
You can literally borrow the money in order to get it and start getting that
cash flow and you're leveraging it. Again, borrowed
money. That's what leverage means. And then usually you have a tenant in
the property paying that mortgage so you're getting the difference but
really you didn't have to put that much money into it each month.
They're covering that debt. So, that is another way to get rich in real estate.
Especially if you do this over and over and over again. Again,
you're not going to get rich with one rental property. I'm sorry guys. That's
probably most people's problems. I really realize that I'm going to tell
you that a little bit later is thinking too small with one or two rental
properties is probably why you're not rich and it's
more of a headache than it is a business. So, think bigger.
Think bigger, think more properties because appreciation
is very real. The next way that you get rich in real estate
is cash flow, okay? So, cash flow was money coming in that you did not work for,
all right? So, we have earned income where we go to a job. Even if you're a doctor
or a lawyer, that's earned income. Trust me, I've done
plenty of that where I worked and then i got money. That's earned
income. But cash flow, passive income is from your
asset, okay? So, you have this rental property,
okay? And it is bringing in cash flow each month
that you did not have to work for. That is how you're going to get rich. You
have an asset that is actually making you money.
And people don't realize this, but most people get rich
not by earning the money. Not by just earning it. You literally can use
debt as money. That's what rich people do. They turn
debt into money. And so, most of us... Again, this is what i was taught. I told
you I have all these degrees and all this other stuff but I was pretty dumb.
I just kept going to school and kept trying to climb the corporate ladder to
get rich. But that's not it. When I started getting
a coach and i started talking to people that are
actually wealthy and had millions of dollars and i was sitting there
wondering why I was broke every 2 weeks even after I got paid,
was because they were not afraid of debt. And I was. And in order they were more
concerned with their cash flow, okay? So, the appreciation that I told you
the value is going up, they don't care. Forced appreciation is
one way, leveraged appreciation is another because they're going to use
debt. And now they're going to get that cash
flow from that property. And you're going to do the same thing with your rental
property. So, stop focusing and worrying so much about the debt and realize that
you can turn that debt into cash flow. Oh, and then here is the
sauce. I promised this to you and I can't even believe i'm sharing it.
But this is the last tip. And this is how you can really get rich
in real estate. So, you got your rental properties,
all right? Told you my story. I was wholesaling then I was fixing and
flipping. And then I got some rental properties
and I had the cash flow and I didn't have to work anymore.
But that's not how I really took that money to that next level. Remember, I was
just trying to replace my income from my job with my rental properties.
But how I really started to make a bunch of money was with those multiple streams
of income. I would create other businesses in real
estate that already had to do with the business that I had.
But the one that has made me the most money, okay? Because I'm not even telling
you to do the other stuff. It made me some money but what has made the most
money is teaching what I knew. So, you learn it,
you do it then you teach it. Because no one is really teaching real estate.
You know, I get there's a lot of gurus out here giving you a couple of minutes
here and a couple of minutes there. But people really want to make a lot of
money, they're going to need all of it. They're going to need that intense
knowledge, they're going to need to talk to somebody that's done it before.
They're going to need to model success. And that's you. So, once I became
successful and I started adding in the coaching and the teaching and the books
and the the podcast and all this other stuff
that i do to teach, what I've already done
what i already learned, that's when I took that over to well over millions of
dollars. And that's what you can do. So, you learn
it, you do it and you teach it. I'm always learning, I'm
always still reading books on real estate.
I do it. I have my rental properties that brings me money and I teach it and that
brings me even more money in. So, that is the key. That is the secret
sauce to making millions and millions of dollars that does not end.
You learn it, you do it you teach it. So, if you want to learn to do this and you
want to do it more, I've created a full training
absolutely free. Too much to put here on YouTube,
go to noellesfreetraining.com. That's noelle, N-O-E-L-L-E with an s.
Noellesfreetraining.com
I have an entire course teaching you all of this so you can get started making
money the exact formula to making big profits without losing
money that you can get started today. Noellesfreetraining.com. Go ahead check
it out. This is Noelle, to your success.