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3 year plan to $1,000,000 Net Worth 
@thewillcrozier
The fastest, simplest, most proven way I know to go from $1000 net worth to $1,000,000
Year 1-
Wholesale 5 houses
Money required: $1,000. Get it from savings, borrow from Mom, sell stuff etc.
@thewillcrozier
The fastest, simplest, most proven way I know to go from $1000 net worth to $1,000,000
Year 1-
Wholesale 5 houses
Money required: $1,000. Get it from savings, borrow from Mom, sell stuff etc.
Devour online info about wholesaling from YouTube, FB Real Estate Groups, or Propelio Academy.
All of these are free.
Join a free local real estate investor (REI) group.
Actually go to REI meeting. You'll see later why this is the most important step.
All of these are free.
Join a free local real estate investor (REI) group.
Actually go to REI meeting. You'll see later why this is the most important step.
If you are shy, show up with your best Matthew McConaughey impression
shake 10 stranger's hands.
Exchange contacts.
Tell them you are a wholesaler.
Wholesale 5 deals within 12 months.
Uncomfortable? Yup. Nerve Wracking? Yup. Worth it? Yup.
shake 10 stranger's hands.
Exchange contacts.
Tell them you are a wholesaler.
Wholesale 5 deals within 12 months.
Uncomfortable? Yup. Nerve Wracking? Yup. Worth it? Yup.
Alright Alright Alright! You just turned $1,000 into $25,000
($5k profit on each wholesale deal times 5 deal)
Year 2- Flip 5 houses
Awesome. You now have a great starter network, $25k in pocket, and a bit more confidence.
Educate yourself about flips
($5k profit on each wholesale deal times 5 deal)
Year 2- Flip 5 houses
Awesome. You now have a great starter network, $25k in pocket, and a bit more confidence.
Educate yourself about flips
Go right back to YouTube, FB Real Estate Groups, and Propelio Academy.
Swagger your ass back into your REI group.
Meet 50 strangers.
Brag about all your successes and announce that you are a flipper.
Swagger your ass back into your REI group.
Meet 50 strangers.
Brag about all your successes and announce that you are a flipper.
Flip 5 houses within 12 months.
Use your $25k and hard / private money from your REI to get this done.
Learn all types of new things like evictions, slab leaks, and every Home Depot cashier's name within 30 days.
Use your $25k and hard / private money from your REI to get this done.
Learn all types of new things like evictions, slab leaks, and every Home Depot cashier's name within 30 days.
Holy shit
In 24 months you went from a broke ass to having a higher net worth than 97% of the world's population.
5 houses x $25k each = $125k + $25k from Year 1 = $150k
In 24 months you went from a broke ass to having a higher net worth than 97% of the world's population.
5 houses x $25k each = $125k + $25k from Year 1 = $150k
Life Hack Tip #1!! You have the option to quit now, rent a private jet and girls for a photo shoot and become a real estate Guru.
For real money and to retain a little self esteem, continue to Year 3.
For real money and to retain a little self esteem, continue to Year 3.
Year 3- Flip one 100 Unit Apartment Complex
You're a bit confused at this point, feeling like you just started, but get treated like a boss because you actually got off your ass and did something.
You're a bit confused at this point, feeling like you just started, but get treated like a boss because you actually got off your ass and did something.
Binge-learn everything you can about value add multifamily apartment investing.
Meet with the multifamily investors you've met in your RE group, check out Propelio Academy, and join MF social media groups.
The info is all there just by asking.
Meet with the multifamily investors you've met in your RE group, check out Propelio Academy, and join MF social media groups.
The info is all there just by asking.
Walk-on-water into your REI Group.
Announce that you will choose 13 lucky investors and allow them to invest $100k each into your deal.
Piss off the other 50 people who wanted in but there wasn't room. (Not exaggerating)
Announce that you will choose 13 lucky investors and allow them to invest $100k each into your deal.
Piss off the other 50 people who wanted in but there wasn't room. (Not exaggerating)
Promise preferential treatment in your future deals to one or two of your baller investors so they'll guarantee the bank loan with you. (basically co-sign)
Buy $5MM apartment building.
Invest $500k into improving it.
Raise rents $155/month.
Buy $5MM apartment building.
Invest $500k into improving it.
Raise rents $155/month.
Sell Apartments for $8MM or 187% gain.
Get your negotiated 25% of the investors' profit for putting the deal together =
$575k + your own money back $150k + the gain on your $150k investment of $280k= $1,005,000.
Congrats. $1K to $1MM in 3 years.
Get your negotiated 25% of the investors' profit for putting the deal together =
$575k + your own money back $150k + the gain on your $150k investment of $280k= $1,005,000.
Congrats. $1K to $1MM in 3 years.
Conclusion:
None of the above are easy, but all of the above are simple.
ANYBODY can do this, yet very few do.
“Year 3" focuses on apartments, but these financial principles apply to any kind of asset that works off of cap rates or multipliers such as:
None of the above are easy, but all of the above are simple.
ANYBODY can do this, yet very few do.
“Year 3" focuses on apartments, but these financial principles apply to any kind of asset that works off of cap rates or multipliers such as:
self storage buildings, hotels, tree trimming / cupcake bakery / app development businesses
Please take note that your networking and REI groups give you EVERYTHING:
They allow you to find investors to invest $1.3MM in your apartment deal
Please take note that your networking and REI groups give you EVERYTHING:
They allow you to find investors to invest $1.3MM in your apartment deal
B/C they've known you for a few years, watched your growth and witnessed your results in smaller deals.
You can find Guarantors to cosign your big bank loans b/c you have shared trust within your community.
You can find Guarantors to cosign your big bank loans b/c you have shared trust within your community.
Finally, the biggest payout from the example apartment deal is from leveraging your investor's money: $575k vs $280k on your own money.
Business is a team sport. Fill out your roster ASAP.
Business is a team sport. Fill out your roster ASAP.
Years 4 thru 6 are a lot more fun if you want to take your fresh $1MM and turn it into $10MM+, but that's for another day.
This was all my notes from him
Hope the thread helps
Of course this can be done in a shorter amount of time this is Will POV
This was all my notes from him
Hope the thread helps
Of course this can be done in a shorter amount of time this is Will POV
