The path of the Millionaire Real Estate Investor is a progression through four stages.
* Think a Million
* Buy a Million
* Own a Million
* Receive a Million
First, you must learn to THINK A MILLION (think like a Millionaire Real Estate investor) before you make your first move.
How you think matters. Whether this strikes you as a clich
or as a timeless truth, my experience has taught me that THE BIGGER I THINK, the more I can accomplish. I've learned that what I hold in my mind is what shows up in my life. Learning to think like a Millionaire Real Estate Investor will give you the greatest chance of becoming one.
The next step is to BUY A MILLION, you have to get a thorough understanding of the best models for investing in real estate and, more fundamentally, an understanding of money: the way it is made and the ways it can be lost.
The goal is to equip you with the working models you need to purchase investment properties with a market value of a million dollars or more.
Believe it or not, this is not the huge leap you might imagine, and many investors reach that mark long before they ever expect they would. BUY A MILLION is about the fundamentals of acquiring properties, holding them, and in some cases selling them. BUY A MILLION applies the power of CRITERIA, TERMS, and NETWORK to launch your career in investing.
After you BUY A MILLION, you'll set your sights on having an equity position of a million dollars or more in your properties. We call this stage OWN A MILLION. This is when you will realise that the investing you have done has blossomed into a bona fide CASH FLOW FOR LIFE business.
With that transformation comes a set of issues specific to that level of ownership. Acquiring properties through credit potentially becomes more difficult, cash becomes a commodity, and managing your investments could require help from several quarters.
This stage involves dealing with and often balancing cash flow with asset or equity build-up. It may involve selling, trading up, or exchanging. It certainly involves understanding the surprisingly simple realities of tax and asset protection issues.
The good news is that by understanding these issues from the beginning you can plan for them. That is what getting a MENTOR AND ACCELERATING your education will help you achieve.
By beginning with the right models, proven ones that can handle the big issues, you'll never have to stop and scratch your head or, worse, start over and reinvent what you do.
The last stage of growth for a Millionaire Real Estate Investor is RECEIVE A MILLION. Think of it as the summit, a place where only the best have gone. RECEIVE A MILLION is when you are in a position to receive an annual income of a million dollars from your investments.
Pivotal to this stage is that your investment business be designed so that you can choose to get out of the day-to-day work and enjoy the benefits of what you've created. Although you can step out at any point along the way, it is my hope that you will set your sights on a BIG GOAL.
Exactly when you decide to move into the “receive mode” is up to you. Obviously, you don't have to wait until you're receiving a million dollars a year. Like some of the investors we met in our research, you can accept cash flow you've built and step out of the rat-race sooner.
The point is that if you've followed the models of The Millionaire Real Estate Investor, you will have more choices. The sooner you start to totally understand exactly how the Millionaire Real Estate Investor models operate, the sooner you'll achieve your goal of financial freedom.
Begin the journey now and get a complete understanding of how the 4 models are put together.
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