Updated about 10 years ago on . Most recent reply
real estate billionaires
I have read some excellent posts from @Brandon Turner (and others) on building one's real estate portfolio incrementally and how the math works. It all makes great sense.
My question is this--how did billionaires who made their fortunes in real estate (like Sam Zell, just to pick a name) make so much money solely through real estate? Brandon's posts describe the piece by piece process of building a real estate portfolio. Seems like it would take a long time to become a billionaire this way.
I apologize if there is a better BP forum for posting this question.
Thanks!
Kevin
Most Popular Reply
Kevin, Sam Zell is 74 years old. If you start in your 30's and invest wisely. And move up from single family to multi family to mix use to malls and developments. And hold most of the properties, you will be worth a pretty penny too. If that's what you want to do...
Good luck