How to Become a Millionaire Through Real Estate (Beginners)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 23 May 2025

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Everyone wants to know how to become a millionaire in real estate. And surprisingly, getting there isn’t all that hard. You can create a seven-figure net worth by investing for just 8-12 years, and if you’re willing to put in a little more work, you can get there faster. Dave has done it, and a million of our BiggerPockets members have done it, too. So today, we’re sharing the real estate millionaire math so you can repeat it and reach your financial independence number faster. We’re not just showing you how to get to a million dollars in equity. We’re also discussing what you need to know to replace your salary with rental properties. This way, you’ll have cash flow to live off of and appreciation to build your wealth. Using the four “building blocks” of real estate, you can skyrocket your wealth in a (relatively) short amount of time. Maybe you want to be a millionaire in less than a decade and build a real estate portfolio faster. Great! We’re sharing two extra levers you can pull to make more money from your properties IF you’re willing to put in the work. What are you waiting for? Let’s make your first million! In This Episode We Cover How to become a millionaire with real estate in just 8-12 years (we did the math) Replacing your salary with rentals and how to “compound” your cash flow The four ways that real estate makes you rich (it’s not just rent checks) Two other wealth “levers” you can pull to get to millionaire status faster Should you buy a rental property in cash? Here’s what happens to your returns And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1125 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is how you become a millionaire through real estate investing.
0:03.8	You can completely replace your income and achieve a seven-figure net worth in a relatively short amount of time by buying rental properties, no matter how much money you make or where you're starting from.
0:15.7	Today, I'm going to show you how to get from your current financial situation to at least $1 million.
0:26.8	Hey everyone, it's Dave, head of real estate investing at Bigger Pockets.
0:30.9	And you've probably already heard this, that real estate offers the best path to financial
0:35.7	freedom of any asset class. But how does that actually happen?
0:40.2	How do you actually become a millionaire through real estate and replace the income from your
0:46.5	current job? Today, we're going to discover just this. First, we're going to start by talking
0:52.3	about the four core wealth building elements you need
0:55.7	in your real estate portfolio and how to optimize each one. Because building wealth in four
1:01.7	different ways at the same time is really unique to real estate. You don't get all of these
1:07.8	benefits from stocks or from crypto or really from any other assets.
1:13.0	So after we talk about those four key wealth building elements, we're going to move in the
1:17.5	middle of this video to talk about the actual math of how you can take your current income
1:22.6	and starting capital and grow it to $1 million by using these real estate wealth generators.
1:29.2	And this stuff that I'm going to show you, it's simple math, but it's also important to know
1:33.5	it's not just theory. It's a real path. I've personally followed this for 15 years, and the numbers
1:39.8	prove it out. And then towards the end of the video, I'll also show you two additional growth
1:44.7	levers that you can pull in your real estate investing to increase the velocity of compounding
1:50.1	and your wealth. These two things are going to be really useful to everyone, even advanced
1:55.0	investors out there who already understand the basics, but maybe want to achieve their financial
1:59.4	goals faster.
	...

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