Here is a million dollar idea that will make you millions.

I am part of a real estate investment club and one of the first lessions we learn is how you can make a million dollars.

The concept is simple yet powerful. So here is how you make a million dollars:

Step 1: Borrow one million dollars
Step 2: Have someone else pay it back

Stupid, you may think, but this is what some real estate investors do. If you are renting your home, then you are really paying someone else’s mortgage.

How exactly do you borrow one million dollars? You just need to purchase ten $100K homes. No, it will not be wise to purchase one $1M home for a simple reason. The rent. That is right. It is so much easier to find 10 renters that will pay most of your 10 mortgage payment amount on your $100K homes, than 1 renter who is will to pay most of your mortgage payment on a $1M home.

Tags: Real Estate