Is a 100 million RE portfolio a reasonable goal?

Member since 2019 · 215 posts · 94 votes

Hello everyone, I’m currently a junior in high school. I would like an asset amount of 100 million(not necessarily net worth) around my 50s-60s. I plan on starting to invest in RE ASAP! Most likely around 20-21 if not sooner(as I have heard 2 years of work experience is needed to secure most loans). I would just like to get you guy’s thoughts on this topic as I don’t see many people talking about 9 figure portfolio goals. Thanks for any input you guys have, stay safe everyone :)

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Frank Wong

Real Estate Broker · Bay Area · Member since 2018 · 1k+ posts · 3k+ votes

Sure why not. But let's learn how to crawl before we run a marathon.

1. Lets get to $10k which will teach you how to get to $50k

2. $50k will teach you how to get to $100k

3. $100k will teach you how to get to $250k

4. $250k to $500k then to $1m.

Each accomplishment will teach you how long it took to get there, what skills you needed, and how much work to accomplish each level.

Lofty Goals are good and you always want shoot for the stars but tangible short term goals compounded = results. It's all about action and making it happen. Best of luck on your journey!

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Robert C.
Investor · San Francisco, CA · Member since 2016 · 338 posts · 444 votes
6y
@Jordan Lucas, Your age gives you a huge advantage. The rest is up to your abilities and some luck.
12 Reply
Account Closed
Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
6y
Anything is possible, but I’d focus on “SMART” goals.
17 Reply
Jordan Lucas
OP
Member since 2019 · 215 posts · 94 votes
6y
@Robert C. Thanks for your input, that makes sense!
0 Reply
Jordan Lucas
OP
Member since 2019 · 215 posts · 94 votes
6y
@Michael P. Very true, I’ve heard of those before, thank you!
0 Reply
George W.
Investor · NJ · Member since 2018 · 869 posts · 921 votes
6y
Why 100mill? Does something magical happen at that point? Truth is everyone would like $100 million.
First step to amassing any form of wealth is going to be budgeting.
You need to setup a firm monthly budget and save. Making all the money in the world means nothing if you spend every dollar you make. College education or not.
You're a young guy you have time on your side. Take time to to learn from others bad mistakes. Most young people make the mistake of getting in the "rat race early" after going to college, buying a brand new car, then trying to move into a fancy house, big fancy weddings, buying expensive furniture and financing everything under sun on credit then they work for someone or some company till their kids graduate college and never save a dime till the day they die. Dont do that.
My best word of advice start hustling now and saving. Dont waste the money you make on dumb shinny things. Dumb shinny things usually decrease in value over time. Dont take a loan out on your first or any car. Keep your monthly overhead extremely low and save every dollar you make.
Set some realistic short term goals. Ex: having your down payment for a duplex saved up by age 20 would be an excellent goal. You will need a decent job and income though for the mortgage. So for most people that is a barieer. Unless you go military or trades route most wont realistically have that down payment till their mid to late 20s. Sutdent loans can seriously weigh you down if you dont have a good w2 out of college.
17 Reply
Frank Wong
Real Estate Broker · Bay Area · Member since 2018 · 1k+ posts · 3k+ votes
6y
Sure why not. But let's learn how to crawl before we run a marathon.

1. Lets get to $10k which will teach you how to get to $50k

2. $50k will teach you how to get to $100k

3. $100k will teach you how to get to $250k

4. $250k to $500k then to $1m.
Each accomplishment will teach you how long it took to get there, what skills you needed, and how much work to accomplish each level.

Lofty Goals are good and you always want shoot for the stars but tangible short term goals compounded = results. It's all about action and making it happen. Best of luck on your journey!
29 Reply
Stephen Brown
Real Estate Broker · Huntsville, AL · Member since 2019 · 1k+ posts · 872 votes
6y
Is money or freedom the ultimate goal? I feel like $100M is a great goal but you don't want to focus solely and that and wind yourself working all the time and never enjoying life!
6 Reply
Mary M.
Rental Property Investor · Portland OR · Member since 2018 · 2k+ posts · 3k+ votes
6y
Yes, its possible, but sometimes there are things more important that chasing wealth... like getting to a place where you can afford to do what you want... lots of folks settle for 7 figures (moi included) but your goals maybe bigger :) but my point is make money to be free....
3 Reply
Colin O'Neill
Rental Property Investor · Milwaukee, WI · Member since 2018 · 9 posts · 8 votes
6y
I believe that when people first think of getting into real estate, they do so because of the largely advertised ideas of clout and insane amounts of money associated with it. I think that having massive goals is very important but there must be a reason why you have that goal. If it is just to have that $100M to say you have it and that's it, theres a slim to none chance that you'll get there. If there is something pushing you such as legacy wealth for future generations, paying for children's college, making changes In the world and impacting society, there is a much larger chance of you getting through the hard times in business that you're sure to face. Having a "why" like they talk about in a lot of interviews of successful people, is paramount. Good luck!
6 Reply
Jordan Lucas
OP
Member since 2019 · 215 posts · 94 votes
6y
@George W. 100 million seemed like a big enough goal that even if I didn’t achieve it I would still be setting myself up for success. I appreciate your detailed response and take note in the what not to do’s, budgeting, and practical advice for small short term goals that will eventually compound into something else!
2 Reply
Jordan Lucas
OP
Member since 2019 · 215 posts · 94 votes
6y
@Frank Wong I love the way you broke that up. That makes a lot of sense. After each milestone I will learn something that will take me to the next hurdle. Thanks so much for your advice and kind wishes!
1 Reply
Jordan Lucas
OP
Member since 2019 · 215 posts · 94 votes
6y
@Stephen Brown freedom of course but I would love the money to enjoy the finer things in life and to help others. I see your point about the just chasing money wont even allow me to enjoy it. Thanks so much for the advice!
0 Reply
Jordan Lucas
OP
Member since 2019 · 215 posts · 94 votes
6y
@Mary Mitchell I get that. Money isn’t everything and freedom is priceless. Thank you for your advice!
0 Reply
Chris C.
Raleigh, NC · Member since 2017 · 347 posts · 94 votes
6y
Originally posted by @Jordan Lucas:
@George W. 100 million seemed like a big enough goal that even if I didn’t achieve it I would still be setting myself up for success. I appreciate your detailed response and take note in the what not to do’s, budgeting, and practical advice for small short term goals that will eventually compound into something else!

a 100million RE portfolio doesn't mean anything if you have 100million of debt against that portfolio. One of the biggest pitfalls if lifestyle creep. Some doctors live paycheck to paycheck while some college-dropout retire early.
4 Reply
Jordan Lucas
OP
Member since 2019 · 215 posts · 94 votes
6y
@Colin O'Neill why’s are very important. I think it would be crucial for me to explore mine more. I know for a fact it’s not just to say I have it, I want to impact the world and my family. I appreciate your comment and kind wishes, thank you!
0 Reply
Jordan Lucas
OP
Member since 2019 · 215 posts · 94 votes
6y
@Chris Connolly very true I understand what your saying. Thats crazy to think about it isn’t but not at the same time when looking at their income and expenses
0 Reply
Sam Josh
Sunnyvale , CA · Member since 2017 · 373 posts · 362 votes
6y
@Jordan Lucas
I give you credit for 3 things. First for having goals, Second, having a smart and bold goal, third, for thinking of all of this at such a young age.
Why should $100m not be possible? Start now and move forward. All the best.
6 Reply
Jordan Lucas
OP
Member since 2019 · 215 posts · 94 votes
6y
@Sam Josh hey, I appreciate so much! Thanks for the nice wishes and will do!
0 Reply
Account Closed
Rental Property Investor · Sacramento, CA · Member since 2015 · 1k+ posts · 893 votes
6y
@Jordan Lucas
$100 mill is a lot of money, but if you really want to build a business you can absolutely reach that. Just make sure you set your money goals in a place that allows you to also meet your lifestyle & personal goals.
If that doesn't make a lot of sense- I mean, if you want to have a small family that you can support, live in a million dollar house, have a couple cars with one nice toy, and eat out at a nice place a few times a week... thats how much money you need. After that point, maybe you can focus on doing the kind of work you want to do, having the time and flexibility you like, etc... Money is a tool for as long as you need it to be. Beyond that point, it can be a burden.
Deep thoughts. Enjoy sir.
2 Reply
Account Closed
Investor · Singapore · Member since 2013 · 1k+ posts · 3k+ votes
6y
Why $100M? 10X it baby! $1B! Sorry Grant...I stole your line. Jokes aside I will answer your question and frankly no, that is NOT a reasonable goal. It can be a dream or aspiration, not a goal. A goal is something you can see your way to from where you are now. Maybe its a college education. Maybe its becoming an agent. Maybe its saving your first $1000 (you are 16 after all). And the ultimate life lesson you will learn that its not really about the money after all..
2 Reply
Lynnette E.
Rental Property Investor · TN · Member since 2018 · 2k+ posts · 2k+ votes
6y
I think that it is a reasonable goal. You are young, smart, and ambitious.
For the amount of properties that would involve you would need a company/business to manage then all. As you focus on the basics in getting a down payment and work history so you can get that first loan learn about real estate, but also learn about business management. You will need a team of maintenance folks as well as leasing and rent collection staff. Even if you are looking at $50,000 a door apartment complexes that is 2000 units!
Just take one step at a time, and if that is your goal, you can make it!
Beside the other "Do not do's" folks told you about, I 'll add one. Do not get divorced! You will likely loose about half of your assets and have to start over, and maybe pay alimony and child support on top of that. Its real hard to add those costs into a budget and still have money to build a business.
2 Reply
Mike Smith
Salem, OR · Member since 2019 · 33 posts · 23 votes
6y
I love to see a young person being ambitious and planning for their future. I wish I had been thinking about wealth when I was your age. You're off to a good start.
Having said that, the thing you don't realize right now is that your desires are going to change as you age. Not just your desire for wealth. Your goals for having a family, for getting an education (formal or informal). Even the things you like to have for breakfast or the hobbies you pursue in your down time. It all changes. You can't stop it.
You've already started learning by being here. Keep it up. Pick a path and get after it. But don't get overly focused on specific goals for 40 years from now because they won't mean a thing by the time you get there.
2 Reply
Jordan Lucas
OP
Member since 2019 · 215 posts · 94 votes
6y
@Elliott Elkhoury thank you for the response, this makes a lot of sense and will be utilized!
1 Reply
Jordan Lucas
OP
Member since 2019 · 215 posts · 94 votes
6y
@Anish Tolia hey thanks for the response, I love Grant! I get it and appreciate the input!
0 Reply
Jordan Lucas
OP
Member since 2019 · 215 posts · 94 votes
6y
@Lynnette E. Thanks so much for your words of wisdom and encouragement. I love the way you put it in perspective. Noted about a divorce though!
0 Reply

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