How to make 15 MILLION USD in 40 years - video
Before the video starts, let me introduce you one of my favorite YouTubers:
Salomondrin.
He is a Mexican YouTuber. His main YouTube Channel is a car channel. Besides YouTube, he does a lot of different business like Real Estate and moviemaking.
He owned cars like custom order Pagani Huayra 730S (Only 1 in the world), two Porsche 918 Spyder, Porsche Carrera GT, Ford GT and many other cars like Lamborghini Huracan, Ferrari 458 Speciale.
This time I want to focus on the real estate part. On his second channel (called Salomon VIP Experience), he regularly shares motivational and investment advice videos.
Let's take a look at the last one.
Credits: Salomondrin
Let's make a recap what did he say in the video.
- This could only work in the United States because if you sell a property and upgrade it to a more expensive one, you don't have to pay taxes.
- Real estate market in the US triples the price every 10 years.
You will need some investment. In the video, Alejandro uses $25k for a start.
With this $25k you will also need another $25k loan from a bank so that you can buy a $50k worth of property. (It could be any property). In the comments under the video, he said you can find a lot of with this price in Austin and Texas.
You want to rent this property so it can cover all your expenses for the bank.
After 10 years you sell the property pay back the remaining part to the bank and start it again with the money you have left from the previous sale.
Let's say the price of the property become 3x more and you have $150k. You will pay $25k(+- extra fees) to the bank, and you still have around $125k. Remember you don't have to pay taxes if you upgrade to another property.
You do the same thing, invest your $125k and ask for $125k loan to buy a property for $250k and sell after 10 years.
Repeat this method as much as you can.
Disclaimer: I have no experience with real estate, but this guy has. I wanted to share this video because it gave me some ideas, motivation. Hopefully, it will help to some of you too.
