The Secrets of a Millionaire Real Estate Investor
This is the first post on my new blog where I’m going to talk about how I became a real estate millionaire in only four years. I’m no Stanford or Harvard graduate with an MBA nor am I a professional realtor or accredited real estate investor. I’m just an ordinary guy who had a desire to own lots of real estate and create multiple streams of income so I don’t have to work the rest of my life.
I grew up in the San Francisco Bay area and purchased my first property when I was 27 years old. Now San Francisco and the surrounding Silicon Valley is nowhere close to the cheap side for purchasing real estate. It was also a time when most people thought the market had already hit its peak and real estate prices were not going to go up much further. So when I started looking, the entry-level home price was around $400,000 to $450,000. Now I know you’re probably thinking “dang where’d you find a house at that low of a price”? Well, this was over five years ago and the housing market has since gone up.
At the time my current job was in San Mateo, California and the properties I was looking at in that price range pushed me all the way down to South San Jose. Now I’m not one for having to commute but I was dying to purchase my own house and the only way I could accomplish this was to do it in South San Jose.
After months of looking I finally found a house that had my name on it and I purchased it for $425,000 — back in 2002. Not only was this my first real estate investment — it just so happened to be my primary residence as well. From this point on I had an epiphany — all I could see were benefits in purchasing real estate.
Today I own several properties some in the United States and some internationally. The bottom line is they are all income producing cash flow positive assets that continue to build equity every single day. This blog is to help you understand how a normal Joe average with a basic college education can go from renting an apartment to owning several apartment buildings and vacation homes while he’s still under 35. I will also help explain the steps I took to get to where I am today in hopes you become just as (if not more) successful in real estate investing!