Millionaire Real Estate Investors

Most people know that we own rentals. We are up to three units, two properties now. Jay, my brother, is a big investor and owns several properties. He is a natural entrepreneur. When he was a kid we were in Sunday School/primary and they had us draw pictures of what we wanted to be when we grew up. I drew myself in a lab coat holding a beaker in each hand b/c I wanted to be a scientist. My brother drew himself with a bag in each hand with a dollar sign on each bag and when the teacher asked him what he wanted to be, he told her - "I want to be rich!" Seriously, he was like 8. How funny or maybe scary is that?

I imagine that we are into rentals because my dad was. He wasn't super into them but he owned two duplexes which paid for our education - private schools and college. Pretty good deal.

In any case, my friend Karen lent me this book the Millionaire Real Estate Investor by the guy who founded Keller-Williams and I am so excited. I am not very far into it, but he claims to tell you how to end up actually making a million by investing in property. His strategy is to 1) think a million, 2) buy a million worth of investment property (personal house does not count), 3) own a million (have a million equity in your investment properties) and 4) earn a million. Now I feel that steps 1,2 & 3 are very doable. Afterall, you just buy rentals which is doing #2 where others are helping you to reach #3. But I have no idea how to go from #3 to #4 so I am hoping the book tells us how. Honestly, my number 1 goal for our rentals to this point has been for them to help us to be able to educate our as of now non-existent children since I think I really want to send them to a private Christian school, but this book has me thinking that it might be a good strategy to accomplish even more.

I would love for Andy to be able to retire early. And I feel like this is something that is very doable while I am a stay at home mom. And I feel like this is a great time to take advantage of deals that might come our way since some people will be looking to sell, right? In any case, I am probably over excited, but I am excited!