How to Become a Millionaire

  • Buy 5 houses for $150,000 each
  • Finance them with 15 year amortization mortgages
  • Rent them out for the mortgage payment or more
  • Manage them well over the 15 years you own them
  • Sell them off 15 years later

Formula

$150,000 @ 5% appreciation rate per year = Over  $310,000 x 5 houses = $1,550,000

WOW!