How to become a millionaire in real estate?
Did you know that 89% of all millionaires were created so
through real estate? That's literally a quote from over 100 years ago.
But I'm going to tell you a big secret. It is not as hard as it probably was
100 years ago to become a millionaire.
We have all these different technologies, all these new ways. And I'm going to share
exactly how you can get that done way easier than they had to do it
100 years ago. Let's go.
I'm going to share with you the simple steps to getting to millionaire status
in real estate, no fluff. I'm going to give you in a
detailed step-by-step process with the full truth all of the details,
no fluff. I'm going to share with you a brand new way to start
investing in real estate and make a ton of money actually make double what i
make every single year. Been able to double my
income every single year doing this thing and I'm going to tell you how to
do it too. And then I'm going to give you the
biggest trap that you need to avoid when it comes to real estate investing. It
trips up so many newbie investors and I don't want you to make that same mistake.
So, I'm going to tell you exactly what to do
and what not to do. So, let's talk about what it means to be a real estate
millionaire. So, there's three different ways that you
can get to millionaire status in real estate. Of course, the first one
is have a million dollars in cash. That's like the easiest thing. I think
most people here that were a millionaire and they think,
"Wow, that person has a million dollars in cash." Now, of course, that is definitely
one way to become a certified millionaire in real estate.
You sell a property. Maybe you have a million dollar property and you sell it
and they give you a million dollars cash. Boom, you're a millionaire.
That's one way. The second way and this is the most
practical way that people become millionaires in real estate.
It's by taking what they have in assets minusing out the liabilities and what
their personal wealth is based on that. So, just giving you a
quick example. So, say you have 5 properties and they were $200,000
each and you had no mortgages on them, you
would be a real estate millionaire because you would have 5 properties,
200,000, you would have one million dollars net worth. Now
for example, in that same example, if those 200,000-dollar
properties had $100,000 worth
of debt or $100,000 worth of mortgage,
then you would only have a half a million dollars in network.
Still pretty good though with only 5 properties. So, you can see how you can
quickly get to millionaire status with just a few properties, okay? You
don't need to have 50, 60 properties to become a millionaire.
You really just need to have properties that you don't owe a lot of money on and
that have a good value. And then the third way... And this is the
most popular way. This is the way I enjoy being a millionaire. And that is through
annual income. So, if you make more than a million
dollars a year, boom, you are a millionaire. Which is probably
why we say that people playing in the NBA and in the NFL we say we're watching
a bunch of millionaires. Because of course, we know what their salaries are
and we know that most of them make more than a million dollars a year. So, we
consider them millionaires. And so, this is actually not that difficult
to do in real estate because you can have several properties that are
bringing you an income. In fact, at one point, I have my
properties we're bringing in probably about $300,000
a year. And I've actually been able to make even more money
with less properties doing some of the stuff that i'm going to share with you a
little bit later. So, you don't need a ton of properties to
actually get to millionaire status. The 2 popular ways that you're
probably going to get there is either going to be your assets minus your
liabilities and your net worth being a million dollars. Or you could be
like noel and have that. And make more than a million dollars a
year and be a millionaire in that regard too. So, let's talk about how you do that.
So, step 1 when you are talking about becoming a real estate millionaire or a
millionaire through real estate, you have to first decide. I
know that sounds simple and people are going to be like, "Yeah,
duh. I'm watching this I'm listening to this. Obviously, I know that."
But yeah. No. You really have to commit to it and start to think about how it is
that you're going to become a millionaire.
So many people write down that they want to be a millionaire or a billionaire and
they walk around with shirts and cups and stuff that say that they're a future
millionaire or future billionaire. But when you ask them,
"How is it that you want to become a millionaire?" They usually can't answer
because they usually have not decided that this is what they're really going
to do. It's just this pie-in-the-sky type of
thing. But I'm telling you and looking you in your face that I made this
decision and I made it happen and I've seen it
happen several times over and over. Obviously, the person that
mentored me was a millionaire. They had done it. They told me to do
stuff. I did the same thing. And now, I'm a millionaire. I teach other
students and i have created millionaires in that process as well.
So again, it's not about oh being born lucky or having a lot of money. I
literally started on my process to millionaire
from my parents basement with bad credit, bankruptcy
and foreclosures. So, this is not something that you have to be this
special person. You don't have to be super beautiful or super talented or any
of those things. In fact, I think some of the people that
have a lot of those talents will never get there because they don't
have the right mindset. So, here's the thing that I'm telling you and i'm
sharing with you. If you truly want to become a millionaire in
real estate or in any industry, you got to first make the decision. You
have to decide that this is what you want to do
and this is how you're going to do it. And that's it. Just decide in your mind.
Step 2. And this is the real step. You have to start where you
are. So, like I said, I was literally when I started on my path and I really was
like, "Okay, I've lost everything." I was embarrassed i was a loser i was like
hiding out in my parents basement. I didn't even want to see people that I
went to high school with. I made a decision that I was not going
to be in this situation anymore, okay? But I had to start where I was. I
had bad credit. I had to face my reality. I had bad credit. I had made a
lot of mistakes. I didn't know what I was doing. I had to like really take a look
at the mirror and say, "Wow, I really messed this up and
start to fix it." And so, the second step is really just starting where you are.
So, when I realized that i had bad credit and I had all these things against me, i
had to start where I was. And when it came to real estate
investing, the only thing that i really could do
was wholesaling, okay? And that's where I would market to people,
find people that were behind on their mortgage payment or in bankruptcy or in
foreclosure, you know, some type of issue like that.
Get those properties under contract and then flip those contracts to a
investor that could buy it and they would pay me a fee.
5 thousand, 10 thousand. I was even getting up to $30,000 in
fees just from doing this work. And then once I did that, I was able to
pay down some of my debt, start to get back myself back on my
feet and then I could do bigger things in real estate.
So, I went from wholesaling to fixing and flipping.
Now, that i had a little bit of capital and I kind of started to learn what I
was doing. Again, I had a coach that had told me so I could stop making all the
mistakes that I was making and literally do a fix and flip the
right way. So, my first fix and flip that I did by myself,
I made over$40,000. So, this is how I compounded. It's called
deal compounding. I started with wholesaling,
I moved to fixing flipping and then I started fixing and flipping and keeping
some of those properties for tenants, okay? So, then I was able to
amass rental properties that brought me in income every single
month. Soon, very soon, I had enough money
to cover my salary. So, I no longer had to work. I quit my job
and then i'm a full-time entrepreneur making millions of dollars. So, it's
really just that simple but you've got to start where you are.
Don't think, "Oh, man. I have bad credit or I'm bankrupt
or I don't know this or i don't know that. So, I can't get started."
That's not true. The fact that you're listening and watching this lets me know
that you already are on the right track and you're thinking smart. So
don't stop here, don't just stop with this video. Just keep going and start
where you are. So, here is the last bonus step that I'm
going to give you because this is like, "Oh, my gosh" mind-blowing thing. Start
getting business credit established. So, one of the biggest mistakes that I made
on my trek to millionaire status is I
had to try to fix my own personal credit so that I could use my own personal
credit so that I could invest in real estate.
Well, a few years ago, I stumbled across how to get business credit and how to
leverage millions of dollars in my business's
name without touching my personal credit. And that has
unlocked again hundreds of thousands of dollars for me
in the first year of establishing business credit.
And now I have it to over millions. And you could do the exact same thing.
You just want to make sure that you get your business legally structured. You get
an LLC or S corp or C corp. You get a professional phone number, a professional
email. You get a website and then you go ahead
get an EIN number and establish business credit with Dun
& Bradstreet, okay? This is very simple to do. I have a whole
video. Again, I'll put a link to it. But you want to establish business
credit because this is going to open up hundreds of thousands of dollars for
your business where you can easily invest in income producing property
and start making money for you and your family, quit your job and change your
life. That's the key. Okay. So, hopefully you
enjoyed this video. I have told you everything. I spilled all the beans. If
you want more you want some full training, I've created an
entire course. It's about an hour long. It's completely free.
Go to noellesfreetraining.com. It's a full training on the exact formula for
investing in real estate making big profits without losing money.
Again, you can go to noelle.sfreetraining.com
Access that I made it just for you so that you can have all of the tools,
all the knowledge and all the resources that you need to be successful.
This is Noelle. To your success.