There’s a common myth about real estate: “it takes too much time and effort.”
I’m here to prove that wrong.
You have every chance in front of you to make a substantial amount of money from just one real estate deal. This property expert is currently working on two $5 million deals, and she’s doing it all with someone else’s money…
Here’s her million-dollar strategy:
Multi-millionaire real estate guru Kemi Egan went from being homeless to handling two $5 million deals simultaneously—and she accomplished all of this using other people’s money.
I’m going to reveal her key strategies that have led to the wealth she’s amassed over the years, so you can put yourself in a similar position in the near future…
Secret No. 1: There’s more money available to borrow than you realize
One of the biggest contributors to Egan’s success is her ability to leverage other people’s money to grow her real estate empire.
It’s essential to understand the difference between bad debt and good debt.
Bad debt: Credit cards, car loans, personal loans, etc.
Good debt: Money borrowed for investment purposes, such as a mortgage for a rental property.
The key is to use good debt wisely to create passive income.
For example, taking out a mortgage for a rental property is often a smart move.
Consider this: your total monthly mortgage payment might be $500 on a house you rent out for $1,500 a month. That’s an extra $1,000 in residual income each month.
Of course, borrowing money for investments carries some risk, but it’s manageable if done correctly.
Many multi-millionaires attribute their wealth to taking calculated risks, and that’s exactly what Egan did.
However, her risks were well-managed thanks to the next two secrets she had in her toolbox…
Secret No. 2: Build your network before you need it
Creating wealth is closely tied to how you interact with others. It’s nearly impossible to achieve great success without treating people well.
As the saying goes: “It’s not what you know, it’s who you know.”
The key here is to provide value to others who might be able to assist you down the road.
I’m not suggesting you should flatter people endlessly, but if you can offer real value to their projects or ideas without expecting anything in return, you’ll forge valuable connections.
No one is going to help you if your first interaction involves you asking for a favor.
Develop a strong network of influential people and stay connected.
Help them when you can, and when the time is right, you can confidently ask them for support.
This could lead to someone investing in you…
Secret No. 3: Focus on one strategy
There are countless real estate strategies out there, which can be overwhelming and even detrimental.
Pick a single strategy and stick to it. For instance, you might decide to buy apartment units to rent out.
If you’re buying rental units, don’t plan to flip them for quick cash within a year. Doing so would put you at the mercy of the market, and your tenants won’t appreciate being forced to move out after such a short time.
Once you find a good, reliable tenant, keep them for as long as possible.
These three secrets are the foundation for any success you want to achieve in the world of real estate investing.
If you follow these steps exactly as I’ve outlined, you could replicate Egan’s journey and start handling $5 million deals sooner than you think.
