Automatic Home Owner Millionaire 2

Dated: 02/16/2016

Views: 2094

So fellows, Here are the couple steps to become a homeowner millionaire. I said it is only couple steps. But i didn't say it only needs couple years. If you don't have couple hundred thousand cash or equity you can use, and you prefer to do it in a safe and steady way, here is the deal:

Step 1 Shopping for a home as first time home buyer

Step 2 Live in the property at least for 2 years

Step 3 Looking for a second home to buy

Step 4 After closing the second home, rent the first home immediately

Step 5 Collecting rent and making payment for both the properties

Step 6 Sell or refinance the rental property when the market is a hot market, pulling equity out from the rental property

Step 7 Using the Equity built in the first bought property to buy a third property. 

Step 8 Rent out your third property and collecting rent

It is a monopoly Game. It is easy.But each step needs careful planing. I know you may start frowning. You are going to say, i am not a real estate pros, i have my job. While, the good news is you don't need to be a real estate pro, you just need to know what resource you need and where you can get the help. Do you need to be a pilot when you need to fly from Chicago to Boston? The answer is no. And i will explain the planing you need for each steps. It is very simple! Just like baking cookies!

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