To build a 10 million dollar portfolio, you will need to buy investment properties. Those properties need to appreciate while renters pay them off for you, and eventually you will have a huge portfolio.
If you want to skip right to the good stuff, download the excel spreadsheet included in this post, or if you do not have excel (or openoffice.org) you can download the PDF file. The excel file will let you adjust the appreciation rate and the average property price. My $10 million portfolio is based on an average appreciation of 4%, which is the average appreciation over the last 40 years. It is also based on the average property value of $1000k.
Download the excel spreadsheet million dollar investment excel (zipped)
The formula is simple, buy at least $1000k worth of property every year for 10 years. In 35 years your 10 properties will accumulate a value of over $10 million. If you don’t understand, just look at the spreadsheet…it makes more sense to see it! Pretty straightforward. You will make your first million at the 12 year mark, and go over 4 million at 24 years.
There are plenty of properties out there for $1000K or less, that bring in high rents. High rent and low price equals positive cash flow, which is very important when the appreciation is low. Appreciation will go up and down, sometimes even negative, but you should be in it for the long haul.
Even better there are properties that are already rented, so you know exactly the expenses and cash flows if you decide to buy them.
Remember, investing is systematic, and you need a strategy. Set your goals and criteria. Start building your contacts and your network. This how you find the deals.
Source: http://blog.hotvictory.com/
If you want to skip right to the good stuff, download the excel spreadsheet included in this post, or if you do not have excel (or openoffice.org) you can download the PDF file. The excel file will let you adjust the appreciation rate and the average property price. My $10 million portfolio is based on an average appreciation of 4%, which is the average appreciation over the last 40 years. It is also based on the average property value of $1000k.
Download the excel spreadsheet million dollar investment excel (zipped)
The formula is simple, buy at least $1000k worth of property every year for 10 years. In 35 years your 10 properties will accumulate a value of over $10 million. If you don’t understand, just look at the spreadsheet…it makes more sense to see it! Pretty straightforward. You will make your first million at the 12 year mark, and go over 4 million at 24 years.
There are plenty of properties out there for $1000K or less, that bring in high rents. High rent and low price equals positive cash flow, which is very important when the appreciation is low. Appreciation will go up and down, sometimes even negative, but you should be in it for the long haul.
Even better there are properties that are already rented, so you know exactly the expenses and cash flows if you decide to buy them.
Remember, investing is systematic, and you need a strategy. Set your goals and criteria. Start building your contacts and your network. This how you find the deals.
Source: http://blog.hotvictory.com/
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