Did you know 90% of the worlds millionaires built their wealth through investing in real estate?
My borrower invested $86,000 into buying her first home three years ago.
That home is now worth just under $900,000.
In 15 years, if she does nothing, her estimated net worth (as it pertains to real estate) would be roughly 1.7mil, assuming only 5% annual appreciation.
This scenario shows how she can double her net worth by using $300,000 of the equity in her current home and reinvesting that into an investment property with a $900,000 purchase price.
Over the next 15yrs, using the same annual appreciation rate of just 5%, and only $86,000 invested of her own money upfront, this takes her net worth from $1.7 million to $2.9 million.