Mission Accomplished: Becoming a Millionaire Before 30!

Mission Accomplished: Becoming a Millionaire Before 30!

Real Estate Investor & Marketing Specialist · Montreal, QC · Member since 2013 · 182 posts · 367 votes

Hey guys,

When I started getting interested in Real Estate 6 years ago, I loved to hear stories of successful RE investors as it provided me with incredible motivation to become financially free and a full-time RE investor myself. I hesitated a long time before writing this post since I don't want to seem like I'm bragging, but I feel like sharing my story with you guys today might help and motivate many others to achieve their most desired goals as well.

In a nutshell, I bought my first triplex at age 23 with two other partners, and then completed my first singe-family flip a year later at age 24 with two partners as well. Then, I partnered up with a high-school friend and we decided we would build a Real Estate empire so we could become financially free by the age of 35. At that time (2014), we were 25 years old so that meant we had 10 years to accomplish our ultimate goal. 

For the first two years, we had full-time jobs and we flipped houses on the side. We were both able to quit our jobs in 2016 after we made roughly 200k in profits from our flips. We could pretty much afford to live off these profits for 2 full years (based on the 50k annual salary we were making at our jobs). We officially became full-time RE investors from that moment.

Then, that's when we decided to start buying multi-family properties and to shift our focus on a new goal to buy 300 doors within 3 years (by 2019), while still doing some house flipping so we could continue to pay ourselves through the business. 

In the meantime, I decided I would have my own personal goal, which was to reach the MIGHTY million dollars in net worth within the next 3 years (by 2019). 

Now at age 29, I can officially announce that my goal of becoming a millionaire in net worth has been surpassed with our latest acquisitions :)!!! I am essentially a year before schedule, which is even sweeter. My partner and I now own over 100 doors, most of which have been bought in the last 18 months, and we're not planning to stop anytime soon!

It's important to note that I started with nothing. No money and nobody in the family with a business and/or Real Estate background. I built it all from the ground up myself, with the help of my partners of course, which is what makes me especially proud. It basically means that anybody can do it, you just have to do it! That's it. Stop finding excuses and take action. If you don't know how to accomplish something, then find a way to learn how because nobody will do it for you. I know it's cheesy, but it's true!

My 2 cents!

G

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Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes
8y

Love me a good bootstrapped ,from the ground up story!   Many congrats, Guillaume!

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  • Real Estate Broker · Los Angeles, CA · Member since 2017 · 4 posts · 1 vote
    8y

    Great accomplishment and story.  Continue Guillaume!

  • Rental Property Investor · Newport Beach · Member since 2018 · 3 posts · 1 vote
    8y

    Well done Sir

  • Meridian, ID · Member since 2018 · 16 posts · 8 votes
    8y
    Guillaume D. Thank you for sharing your win!! You are right it is inspiring to see others reach those goals.
  • Rental Property Investor · Oreland, PA · Member since 2017 · 51 posts · 32 votes
    8y

    Congrats!! Your hard work certainly paid off :)

  • Orange County, CA · Member since 2018 · 11 posts · 2 votes
    8y

    Congrats man! Just starting my journey and with a lot of hard work, can do this too!

  • Bristow, VA · Member since 2017 · 25 posts · 2 votes
    8y

    @Guillaume D. Congrats on the goal. So others can learn from you, do you live off the passive income now? And I assume you have PM for all of your properties?

  • Rental Property Investor · Dallas, TX · Member since 2018 · 19 posts · 7 votes
    8y
    Super encouraging! I’m 28 and just starting out I’ve been in my corporate job 6 years now since graduating from Ohio State thankfully I’ve found a passion in REI and have begun transforming the way I think and build my business. I hope to be working as a full time REI for myself by age 30!
  • Rental Property Investor · Washington, DC · Member since 2017 · 36 posts · 8 votes
    8y
    Originally posted by @Guillaume D.:

    Hey guys,

    When I started getting interested in Real Estate 6 years ago, I loved to hear stories of successful RE investors as it provided me with incredible motivation to become financially free and a full-time RE investor myself. I hesitated a long time before writing this post since I don't want to seem like I'm bragging, but I feel like sharing my story with you guys today might help and motivate many others to achieve their most desired goals as well.

    In a nutshell, I bought my first triplex at age 23 with two other partners, and then completed my first singe-family flip a year later at age 24 with two partners as well. Then, I partnered up with a high-school friend and we decided we would build a Real Estate empire so we could become financially free by the age of 35. At that time (2014), we were 25 years old so that meant we had 10 years to accomplish our ultimate goal. 

    For the first two years, we had full-time jobs and we flipped houses on the side. We were both able to quit our jobs in 2016 after we made roughly 200k in profits from our flips. We could pretty much afford to live off these profits for 2 full years (based on the 50k annual salary we were making at our jobs). We officially became full-time RE investors from that moment.

    Then, that's when we decided to start buying multi-family properties and to shift our focus on a new goal to buy 300 doors within 3 years (by 2019), while still doing some house flipping so we could continue to pay ourselves through the business. 

    In the meantime, I decided I would have my own personal goal, which was to reach the MIGHTY million dollars in net worth within the next 3 years (by 2019). 

    Now at age 29, I can officially announce that my goal of becoming a millionaire in net worth has been surpassed with our latest acquisitions :)!!! I am essentially a year before schedule, which is even sweeter. My partner and I now own over 100 doors, most of which have been bought in the last 18 months, and we're not planning to stop anytime soon!

    It's important to note that I started with nothing. No money and nobody in the family with a business and/or Real Estate background. I built it all from the ground up myself, with the help of my partners of course, which is what makes me especially proud. It basically means that anybody can do it, you just have to do it! That's it. Stop finding excuses and take action. If you don't know how to accomplish something, then find a way to learn how because nobody will do it for you. I know it's cheesy, but it's true!

    My 2 cents!

    G

     CONGRATULATIONS!!!!!!!!!!!!!!!!! Thanks for sharing your story and it is definitely motivating. 

  • Investor · Indianapolis, IN · Member since 2017 · 11 posts · 6 votes
    8y
    Great stuff! Congrats on the accomplishments
  • Investor · Chicago, IL · Member since 2017 · 101 posts · 52 votes
    8y

    congrats my man! That's the kind of hard work that many of us can use more of. Keep it up

  • JD MartinBusiness Member
    Moderator
    Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 16k+ votes
    8y
    Originally posted by @Jay Hinrichs:

    canada   or

    US

     LOL. This was my EXACT thought when I got to the "millionaire" part. Anyway, congrats OP!

    Skyline Properties
    View Page
  • Olathe, KS · Member since 2018 · 148 posts · 207 votes
    8y

    Great story, congrats.  

  • Yankton, SD · Member since 2013 · 15 posts · 10 votes
    8y
    Congratulations ! Great to read the success story and keep it going !
  • WorldWide · Member since 2016 · 1k+ posts · 1k+ votes
    8y

    When you say 300 doors, are you still talking about 4-20 unit places or do you eventually want to scale into apt complexes?

  • Wholesaler · Tacoma, WA · Member since 2016 · 10 posts · 5 votes
    8y

    Congratulations man!!

    I think I'm on to something myself with becoming a millionaire with this niche in RE my realtor got me into. You're probably utilizing this strategy yourself. 

    I'm actually going into a good spot within the next few months with an opportunity to become debt free and have money for capital in my LLC!

    I hope to reach the millionaire status one day.

  • Mc Gregor, TX · Member since 2018 · 41 posts · 35 votes
    8y

    Congrats!! Thanks for sharing! This is very inspiring!

  • Member since 2018 · 1 post · 0 votes
    8y

    Congrats! It is so refreshing to hear success stories and gives me hope that it is really possible. :)

  • Real Estate Broker · Scottsdale, AZ · Member since 2016 · 70 posts · 15 votes
    8y

    G, This is an amazing story! I could relate to it very well as I am in the same situation with the same goal to hit $1M by 30 and become completely retired by 40 (if I choose to)

    Again, congratulations and I wish you continued success! Let me know if you ever make it down to Portland, OR and I will buy you lunch!

  • Rental Property Investor · Boston, MA · Member since 2018 · 116 posts · 31 votes
    8y

    @Guillaume D. Congrats to you! Such an inspiration! I guess I get into this a little late now :D but man, there are so many things to learn and honestly don't even know where to start. But so glad so see so many young investors surpassed their goals in such a short period of time! 

  • Realtor · Murrieta, CA · Member since 2016 · 373 posts · 203 votes
    8y

    @Guillaume D.

    Congratulations :)

  • San Diego, CA · Member since 2017 · 33 posts · 7 votes
    8y
    Great job. Looking forward to hearing what you will have done in the next 5-10years!
  • Real Estate Agent · Syracuse, NY · Member since 2018 · 13 posts · 6 votes
    8y

    Congrats! What an inspiration! I'd be interested in hearing your story in more depth and with more specifics around deal numbers, estimates vs actuals, financing, renting, working with partners, learning as you went etc.

  • Wholesaler · North Hollywood, CA · Member since 2016 · 72 posts · 31 votes
    8y

    Congratulationsssss!!!!!! You are not bragging

  • Stockbridge, GA · Member since 2018 · 1 post · 0 votes
    8y
    Congrats man! How did you do it starting with no money?
  • Specialist · Montreal, Québec · Member since 2017 · 19 posts · 6 votes
    8y
    Originally posted by @Guillaume D.:

    Hey guys,

    When I started getting interested in Real Estate 6 years ago, I loved to hear stories of successful RE investors as it provided me with incredible motivation to become financially free and a full-time RE investor myself. I hesitated a long time before writing this post since I don't want to seem like I'm bragging, but I feel like sharing my story with you guys today might help and motivate many others to achieve their most desired goals as well.

    In a nutshell, I bought my first triplex at age 23 with two other partners, and then completed my first singe-family flip a year later at age 24 with two partners as well. Then, I partnered up with a high-school friend and we decided we would build a Real Estate empire so we could become financially free by the age of 35. At that time (2014), we were 25 years old so that meant we had 10 years to accomplish our ultimate goal. 

    For the first two years, we had full-time jobs and we flipped houses on the side. We were both able to quit our jobs in 2016 after we made roughly 200k in profits from our flips. We could pretty much afford to live off these profits for 2 full years (based on the 50k annual salary we were making at our jobs). We officially became full-time RE investors from that moment.

    Then, that's when we decided to start buying multi-family properties and to shift our focus on a new goal to buy 300 doors within 3 years (by 2019), while still doing some house flipping so we could continue to pay ourselves through the business. 

    In the meantime, I decided I would have my own personal goal, which was to reach the MIGHTY million dollars in net worth within the next 3 years (by 2019). 

    Now at age 29, I can officially announce that my goal of becoming a millionaire in net worth has been surpassed with our latest acquisitions :)!!! I am essentially a year before schedule, which is even sweeter. My partner and I now own over 100 doors, most of which have been bought in the last 18 months, and we're not planning to stop anytime soon!

    It's important to note that I started with nothing. No money and nobody in the family with a business and/or Real Estate background. I built it all from the ground up myself, with the help of my partners of course, which is what makes me especially proud. It basically means that anybody can do it, you just have to do it! That's it. Stop finding excuses and take action. If you don't know how to accomplish something, then find a way to learn how because nobody will do it for you. I know it's cheesy, but it's true!

    My 2 cents!

    G

    Superb work in such a tough market (salut de Montreal)! I am oh so close to the same mark as you except I am just looking at getting into real estate and out of the traditional income stream I have at 32. 

    Would absolutely love to hear more about how financing works on the commercial level on larger plex purchases in Montreal. You mentioned banks accept higher LTV on larger properties? How large is larger?

    I am actively chasing down a 10 plex right now in downtown in need of serious rehab work but it already has an accepted offer on it that is supposed to close in late July. Lets hope they drop out!!

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