BiggerPockets Real Estate Podcast - How to Become a Millionaire Through Real Estate (Beginners!)

Episode #1125 Join the Future of Real Estate Investing with Fundrise: https://fundrise.com/pockets Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust: https://eqtytrst.co/bp Episode Show Notes: https://lnk.to/biggerpocketsYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab Dave’s Book, “Real Estate by the Numbers”: https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the BiggerPockets Real Estate Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders The Math To Becoming a Millionaire in 10 Years—And Hacks To Do It in Five: https://www.biggerpockets.com/blog/the-math-to-becoming-a-millionaire-in-10-years?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Everyone wants to know how to become a millionaire in real estate. And surprisingly, getting there isn’t all that hard. You can create a seven-figure net worth by investing for just 8-12 years, and if you’re willing to put in a little more work, you can get there faster. Dave has done it, and a million of our BiggerPockets members have done it, too. So today, we’re sharing the real estate millionaire math so you can repeat it and reach your financial independence number faster. We’re not just showing you how to get to a million dollars in equity. We’re also discussing what you need to know to replace your salary with rental properties. This way, you’ll have cash flow to live off of and appreciation to build your wealth. Using the four “building blocks” of real estate, you can skyrocket your wealth in a (relatively) short amount of time. Maybe you want to be a millionaire in less than a decade and build a real estate portfolio faster. Great! We’re sharing two extra levers you can pull to make more money from your properties IF you’re willing to put in the work. What are you waiting for? Let’s make your first million! 0:00 Become a Millionaire with Real Estate 1:13 Note to Fill in Table of Contents 2:02 The 4 Wealth Builders 7:42 Ad - Fundrise 7:54 Rental Property Profit Math 13:39 Replace Your Salary! 20:23 Get to $1,000,000 Faster 25:18 Invest with LESS Money Down 30:37 Pull These Wealth Levers!