How do you become a millionaire in real estate? I get this question
all the time. "Noelle, How do you become a real estate millionaire?
Can it still be done?" Well, the answer is yes.
Absolutely it can still be done. There's tons of ways to do it. I'm going to share
with you exactly how to do it step by step so you don't miss a thing.
Let's go.
I'm going to share with you my simple formula on how to become a millionaire
in real estate step by step and how to do it in less than a year.
I'm going to share with you my special sauce on how you can do all of this by
just doing one thing per day and it'll only take
you about an hour per day. And last but not least, I'm going to
share with you my simple secret three-step process so that you can get a
deal in less than 30 days. So, let's talk about
what it really means to be a millionaire. So, there's 3 different definitions
if you're going to try to be a millionaire. There's 3 different ways
that you could become a millionaire and you got to decide which one it is.
So, the first way of course you could have a million dollars. So, if you have a
million dollars cash, boom, you're a millionaire. I don't think
that most people are millionaires by this way because again, even if you make
a lot of money, one of the things that a rich person or
a wealthy person is always doing is making sure that their money is
making money for them so they never really try to keep
hordes and hordes of cash. You know, obviously, if you're a billionaire, I'm
sure you have millions of dollars because there's just nothing else you
can buy or spend it on. But for most people that live a very
comfortable life consider themselves rich,
they do not have a million dollars in cash or if they do they quickly try to
invest it in something that's making them
money. So, that's the first way. The second way to become a millionaire
is buy your assets. So, this is the way that most people become a certified
millionaire. This is essentially you add up all of
your assets. You minus out the liabilities or the debt that
goes against that asset if there is one. And then that net number
is your net worth. So, given a quick example, if you have five properties and
they were all worth $200,000 and you didn't owe anything on
them, then of course you would be a
millionaire. But let's just take that same example, you got five properties,
they're all worth $200,000,
but if you owed $100,000 on each of them, then of course
you wouldn't be a millionaire, you would only be a half a millionaire. You'd have
a net worth of a half a million dollars. Again, still not too shabby. But letting
you know that this is not difficult to do. It really doesn't take very much real
estate or many assets to actually get yourself
into millionaire status. You just got to kind of think about what
that means. And then here is the last way to become a millionaire. So, this is the
fun way, this is the way that I enjoy and this is the way that I like teaching
people to become a millionaire. And this is by making at least one
million dollars per year. So, if you make a million dollars
per year, that comes out to $333,333.33
3, 3, 3, 3, 3... If you ever did the
math, go ahead and divide one million you
divided it by 12, it would come out to a little bit over $83,000
per month. And obviously, if you made that every
single month or even if you average that then you would make a million dollars in
a year and you will be a certified millionaire.
Boom! But being a millionaire, actually I said all of that. The real way to become
a millionaire when you're starting out is to
change your mindset. So, before I actually ever was a millionaire, I had started to
think of myself as a millionaire. I started to read about what millionaires
did. I started to read and think about how they got there, how much money that
required, what I was going to do, things like that. So, when i say and when
most people say that being a millionaire really is a mindset,
they are telling the truth. There are people that actually do make a million
dollars a year and really do have a million dollars in assets.
But you would never hear them saying that they're a millionaire. They don't
consider themselves one, they never really thought about it, they don't
think about it. So, in sense, they're not. One if you actually have a million
dollars in assets and you're not actually
living like a millionaire, you work every day and you struggle and you strive and
you don't live a life of abundance, then you're probably not
really a millionaire. Even people that don't make a million dollars a year, they
make far less than that but they own their own time and they get to kind of
do whatever it is that they want to do, then they in my mind are more of a
millionaire than someone that just actually has the assets. So,
the truth of the matter is I gave you those three real definitions in the way
that people see you as a millionaire. But the truth
about it is being a millionaire starts in your mind
and it starts with you saying, "I'm going to live a millionaire lifestyle and
thinking about what that means for you." So now, let's get to the fun part
on how you become a millionaire through real estate. Well, the good thing
about real estate is it is still the number one way to wealth. If you have
not heard before, I'm here to tell you that 89%
of all millionaires were created so through real estate. That was true over a
100 years ago when that statement was said by Andrew Carnegie
and it is still true to this day. So, real estate will provide you
3 different types of ways to make money. And that's why it's so awesome and
why it is the reason why millionaires are created.
With real estate, you have 3 different ways you have cash flow income.
So, if you have rental properties, usually you have a tenant in them
whether it be residential property or commercial property.
You lease those properties out and you receive cash flow income
either monthly, weekly, daily, however you choose to rent out your property. That's
one way. Another way that real estate creates
millionaires and one of the ways that you're going to tap into
is by finding properties that are below market value.
So, when you can own properties and you actually have equity in them,
that increases your personal wealth. So, just for an example, if you find a
property and it's worth a $100,000
and you're able to get it for $80,000 then you are in a
situation where you have $20,000 worth of equity
and that's $20,000 that goes towards your personal wealth. And so,
it's numbers like that is how you will start to increase your personal wealth
through real estate. And then the last and the
best way why everyone loves real estate probably more
so than other investments is that real estate (generally speaking)
appreciates over time and value. So, you bought that property, let's just use that
same example you bought it was worth 100,000 you got it for 80(thousand). You had 20,000
worth of equity when you start it. Now, let's think about some of the things
over time in like 5 years, that property probably be worth
150,000. Again, you bought it only for 80(thousand), so instead of having only 20,000, now you
have 70,000 worth of equity. Add to that, that $80,000
that you paid for it most likely you got a mortgage for it
and you've paid that down. So, in 5 years when it's worth 150(thousand), now
maybe you only owe $50,000 on it.
So, you actually have a one $100,000 worth of equity.
And this is how you can really start to become a millionaire and really increase
your personal wealth by (1) getting those properties having that net
worth and having that paper wealth but then selling that property
and literally getting that $100,000 in your pocket. This is the way.
So now that we have real estate investing. You understand all of the
different ways that we make money and you understand
how you're going to become a millionaire, let's talk about how you really do it on
a technical aspect. So, one of the things and one of the ways
that we make a ton of money in real estate
is finding off market properties. Like I said, finding properties that are worth
maybe 100,000 and we can get them for
70,000 or 80,000 or again less than what they are worth.
But to do that, to really really do that, you got to be someone that is there to
help. So, one of the techniques that we have
that makes a ton of money in real estate is becoming a problem solver. You
basically start to market to people. You find
people with property problems. Find people that are behind on their mortgage
payment. Maybe they're in foreclosure or pre-foreclosure.
People that are going through bankruptcy or divorce or they got relocated and now
they have to sell their property. Or maybe it's a situation where they
inherited a house that's old and dated. And they don't even want it. It was their
mom or their dads or their grandma's house.
And in many cases, you're helping them get rid of that property and you can get
those properties for pennies on the dollar, okay? Because
they're in a situation where they no longer want the house or they can't
deal with the house, you as a real estate investor go into
those situations, you help them by taking those unwanted properties
from them and you make a lot of money in the
process. So, to really become a millionaire, start
thinking of yourself as a solution to people's problems especially real
estate problems. So, how I became a real estate
millionaire was through my patented process I call market
convert, solve. So, basically you will find people
with property problems. You'll have those conversations with them, you'll convert
them by getting them under contract.
And then you will find solutions you will solve. You either you know wholesale
the property, you'll fix and flip the property
or you know you'll make it a rental property. Again, tons and tons of
different things that you can do with the property. If you click below, I
have my full blueprint that tells you all of the different ways
that the market convert solve works and gives you all of those already bulleted
out for you. So, go ahead and check that out.
So, this is how you're going to take this concept
of being a problem solver. Finding people with property
problems and then being a solution to that problem
and make money in the process. So, in the beginning when you first start to be
of solution to people's problems, you'll do something that we call deal
compounding. So, when you first get started for me, I
actually was started off in real estate investing the right way
--broke and with bad credit. So, I was literally in my parents basement. I had
multiple foreclosures, I had bankruptcy. I was a mess.
Okay? And I learned from a coach he taught me about real estate investing
and about wholesaling. Again, he taught me what i'm
teaching you right here for free where I would target and find people
with property problems, I would convert them and then i would wholesale those
properties out. And so this is the same technique of
what i'm telling you that you can do today.
And you'll start off with wholesaling because if you're like me, you have bad
credit or you don't have much money, you can get some money by doing some
wholesaling then you can get into fixing and flipping.
That's what I did, I took some of my profits from wholesaling and I started
doing some fix and flips. And then next thing I did was I started
to keep some of those fix and flips as rental properties and amassed a nice
little rental portfolio. Then I was able to quit my job. So, this
is deal compounding. And this is how I got to millionaire status.
I literally just took what I had and I started where I was.
I used these techniques that I'm teaching you right here and I was able
to amass properties, I sold some of them off. Got lump sums of cash.
The most I ever got on one of my flips was like almost $140,000.
But on the low end even if I was just wholesaling, I was getting $5,000.
So, I was making anywhere between 5,000
to 140,000 dollars on each deal. And again, if you look this
up, this is not just no well-blown smoke, you literally can find that the average
profit on a flip, on a fix and flip was over $65,000
last year, okay? So, these are real numbers. This is stuff that you can do. I have
students doing this every single day. I invest in real estate. And this is
truly how you can become a real estate millionaire.
So, I have created a complete free training that you can go to
at noellesfreetraining.com. It's an entire course that I made
for free that outlines everything. It tells you my exact
formula for investing in real estate making big profits without losing money.
Again, I made it completely for free for you. Just access it at
noellesfreetraining.com. I want to make sure that you have all
the tools, all the resources and all of the knowledge that you need
to be successful.
This is noelle. To your success.