My Real Estate Plan

I’m pretty sure you know at least a handful of people who dream about building a real estate empire and retiring off passive rental income. I mean, why wouldn’t they? The mainstream media makes it look like a breeze—just do the BRRRR method or flip a house, and BOOM, you’re sipping cocktails on a yacht.

Everyone thinks they’ve got the “secret sauce” to real estate success, and spoiler alert: they’re bottling it and selling it as a course or mentorship program. I’m not going to lie—I almost drank that Kool-Aid. I once attended a FREE three-day real estate investing seminar, and by day three, I was this close to dropping $10,000 on a course. When I shared my genius plan with my husband, he went batsht*.

I told him, “I just need some guidance and a mentor to show me how it’s done! The $10k will more than pay for itself. Plus, I picked the cheapest course. Did you know they also have an ELITE course for $50k?”

He replied, “These people are scammers! If they’re making so much money with their methods, why are they wasting their time teaching instead of doing more deals?”

I said, “Well, they said they want to help people achieve their dreams… and besides, they gave us three days of free training!”

At that moment, I should’ve remembered the golden words from my economics professor: There’s no such thing as a free lunch.

Look, I believe anyone can build a real estate empire. But let’s be real—there’s risk, sweat equity, and a whole lot of work involved. My personal goal is to own 20 rental properties or bring in $10,000/month in passive rental income—whichever comes first.

So, you may be wondering, What have I done so far to make this dream happen?

Well… since my last update on June 3rd, 2023: absolutely nothing. Nada. Zero. I’ve been crushing imaginary goals in my head but executing none of them in real life.

In my defense, I did just have a baby. So, yeah, a little excusable. But also… no.

Fast forward to now—1.5 years later—and I am SUPER MOTIVATED. Why? Because I’m unhappy in my career, and the thought of working forever just to survive makes me want to scream.

Here’s the plan: I’m focusing on cheap single-family homes or small multifamily properties in B-/C+ neighborhoods in the Midwest. Houses are still affordable, and they actually cash flow. My goal is to snag my first investment property in the Midwest by January 2025.

Here’s what I need to do to get there:

1. Research.

2. Study.

3. Repeat steps 1 and 2 for 20 hours a week.

I know I can do this. Let’s get this bread. Or, more accurately, let’s get this rent!

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