My millonaire game plan

[Account Closed]

Ok this is my gameplan to make 100,000 a moth in real estate i want you to tell me what mistakes i could make or what i cant do or what things i should do to improve my game plan. Thank you.

I will make 3mil a month with amazon FBA

I will save 5mil for a downpayment on a primary residence I will buy the house in an equity grown market with 30% discount

In a good area. I will use my dad's credit for it then i will hirr a laywer, tax man to get legal advices. And apply all the tax benefits in real estate such as appreciation , 1031 exchange, refinance etc..

I will hold the house for 2 years or more or 1 it depends because i will do a lease option which means i will rent the garage in my primary for 2 or 3 years while the person builds their credit and buy my home

They will give me a downpayment 3mil 5mil or 10mil it. My mortgage will be 1200 per month

If the person gives me 3mildown they will pay me 1600 a month. If they give me 10mil they will pay me 1200 a montha and it will be a 2 or 1 year lease. After that they will buy my home which means i dont pay realtor fees and stuff lile that. And they will take care of repairs for 2 years because it will be their home. So no repairs and no realtor fees.

Ok so that will happen in 2 or 1 year

But i will also do a seller financing with 2 homes with 15% discount i will cover their payments and i will do a leae option on the 2 homes so if i cover the sellers payment that its 1200 and i lease it for 1500 i make 300profit plus the downpayment. So i would get 3 downpayments in total the primary residence and the 2 seller financing.

I will buy the houses below median cost to be protected. So lets say i got 20mil in downpayments ok i will use 20mil for dowpayment to buy 1 house with my dad's credit and i will buy it with 30% discount if i need to pay repairs and stuff like that its ok because i will also make money on amazon.

Ok after 1 year i will do a home equity line of credit on the 2 seller financing houses and thw primary residence and i will buy 3 more houses with 30% discount

So i will have 6 properties then i will have a track record so i will show people what i have done in real estate and i will use other people's money i will do 50/50 deals with them and i will build a team of experts to do that for me so if a partner has 150 mil in savings and i show him my track record and he partners with me i will use his money to buy 4 properties and i will do lease option on the 4 properties so i will be making 2mil per month but its 50/50 so 1mil for me and 1 mil for her/him.

So if 1 partner makes me 1 mil

How many partners do i need to make

100mil a month???

100 partners = 100mil

¿¿¿What do you think???

[Joe Villeneuve]

Scattered, disconnected, incomplete...and not really a plan.  What you presented was more like a number of different concepts, based on assumptions, guesses and info not yet accumulated.

A plan is based on actual numbers, with actual properties, and actual examples thought all the way through.  A plan should be full of detail.  What you have is a good start, but your lack of knowledge on almost everything you laid out, eliminates your ability to design  plan...yet.

Keep learning, and when you are proficient in Market Analysis, How Money works, and how a plan goes together, you can then begin to develop your plan.  Keep working at it.  It takes time.