So how do millionaires make so much money so fast in real estate? How do they do
it? We're going to explain to you all right now.
You know Steven it's kind of a crazy deal. A million dollars is certainly not what
it used to be. Yeah. But it's still a good chunk of money. And today's question from
our viewers is - how do millionaires make money in real estate so quickly? You know,
it's just on Sunday that I was meeting with friends from California. They're
friends. Now, I didn't actually know who they were. One of our business partners
wanted to send their parents out to get to know me a little bit.
They had come out spend some time with me and I came to learn that they were
from Israel. They moved to about 15 years ago. Seven years ago bought their house.
Yeah. That house had gone up in California $3 - $4,000.
Yes. And they're like, "well we think the market might be turning soon
so we're thinking about selling it and I actually thought that was a really
good idea. If you're open to selling it. When you know considering timing and
stuff and when we have this question of how do people become millionaires so
fast in real estate? The answer is sometimes, it just happens on accident
because if you're in the right place with timing, you can crush it. In fact, I
want to show all of you right now how to make hundreds of thousands of dollars
sometime in the next eight years. Buy a house in New York or California.
Just buy a house in New York and California and sometime in the next eight years, you're
going to watch that market go up rapidly and drop rapidly. And if you time the
market right, then just by actually having that house for that period of
time, you can actually make some good money. But not just that having money
like you said, at the right times, also allows you to go into other areas in
other different markets. I mean, let's go back to 2007 and 2008.
When the markets crashed in Phoenix, in Las Vegas and in Florida. Dude, that's
what we call the intentional millionaire. Yes. Intentional millionairism. But
those that had the money and can actually place it appropriately, were in
a position where others oftentimes aren't. Well, dude let's talk about have
money because we're talking about a house that was selling
for $250,000. $320,000 that you
could get out of 70 to a hundred grand. Down payments for like 20 grand. I
remember some of them are like $15,000 or $18,000. I'm like
dude was it was...So when you say having money Yeah. Yeah, they went in when
everyone was running. Right. We said put your eye right here, right now.
Everyone's running this way. You got to turn back around because typically when
everyone's running one way, you got to turn the other. Which is important.
I think we need to go into this because that's one of the reasons why
millionaires are able to make so much money in real estate, so fast is because
they think countercyclically. Boom! Right. It's about doing the opposite of
what other people are doing and so when everyone's running out of those markets,
millionaires rush in and say, "let's buy up as much as we possibly can." This is
exactly what we really... And we did that. We did over a thousand homes in just a
couple of years in Phoenix and Vegas. Yeah. And those investors now have made, I
think it's over $70 million dollars. It's amazing. On those homes. And other
selling them. They're getting out of that market and moving into other more
intelligent markets. And so, it is counter circle. So I guess what we're saying is
this. You can become a millionaire in real estate on accident or you can
become a millionaire in real estate on purpose. The problem with making it on
accident, is that the person you are that got lucky because by the way, that is a
function of luck or maybe some intention, is that you have to get lucky
again to duplicate it. Luck is difficult to duplicate. But a system is not. It's
like what we did in Vegas and Phoenix. What we're doing right now in North
Carolina and Florida and some of the markets that were in, dude, there's no
accident about why our people are making the money they are. I mean I just got
three homes under contract yesterday. And a 25% ROI per annum. I mean it's
hot. It's amazing. But you've got to know what you're doing. By the way that was
with one of our partners. That's good job. You too. You too. Yeah, thanks. Partnering.
Yeah, it's awesome. But we have access to these really amazing deals that dude, we can talk to you
about. You've got to go to the website and check out what we're doing over
there. I think that's really the scoop on
making why is it that millionaires can do it so rapidly in real estate? It's
that if you're in a high-end market and you wait long enough, you're going to
experience a rise and you're going to experience a fall or you can
systematically do it intentional. Now, whether it takes you 20 years or whether
it takes you five years, I think that comes down not to luck. I think that
comes down to making smart, wise, financial informed decisions like the
ones that we provide our clients. Do you want to do on accident or do you want to
do it on purpose? If you want to make a million dollars on purpose, then check
out our website and see some of the tools and options that we make available and
then get live with Steven and I at one of our upcoming events where we can
train you on everything financial under the sun. These events are fun and
entertaining. They're unforgettable and you'll not ever be the same again. So
check out the website. Come learn from us. By the way if
you have not subscribed, do it right now.
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