Becoming a real estate millionaire isn't easy, but it's doable. Everyone wants to know how to make millions in real estate. Follow these five keys to real estate investing and you're on your way.

No cash? Don't let that stop you:

Find a good real estate deal, and the money will find you. Ask any seasoned real estate investor and they will tell you that lack of funds is never an issue; lack of good deals is the issue. If you can negotiate a good price on a house, you will find plenty of partners willing to put up the money.

Make the time to become a real estate millionaire:

Throw out your television and you'll have all the time you need to become a real estate millionaire. People spend an average three hours per day in front of the tube. They spend even more time on weekends. Want to do something fun this Saturday? Load the kids in the mini van and go driving around looking for ugly houses. Make a game out of it by giving a dollar to each of your kids that spots an ugly house. Tell them that each ugly house you buy means enough money to take them all to Disney World. 

Ignore the competition-and get going:

Learning how to make millions in real estate takes work. Some ‘would be' real estate investors say that there are too many people buying houses to find a deal. On the contrary, there are more than enough deals to make everyone rich. At any given time there are hundreds of properties for sale in your market; hundreds for each investor looking for them. In addition, a majority of people who say they are investors are just sitting on the sidelines waiting for something to fall in their lap. Don't be one of them-go out and make deals happen. 

Use the economy to your advantage:

Certainly, the September 11th tragedy, or more recently, the 2008 credit crunch can hurt the economy. But don't let that stop you. If you own real estate in a recession, sell cheaper or with attractive terms. When Dell wants to move computers, they drop the price. When GM wants to move cars they offer no interest financing. Be creative and go do things that make your houses sell and rent faster. If the prices are falling, buy way below market and sell just below market. If rental vacancies go up, offer free satellite TV (heck, it costs $25/month). When everyone else is ‘dooming and glooming'...that only clears out the competition.

Educate yourself:

You probably know more than enough to get started in real estate. It takes years to learn a lot. And you never learn everything; success is an ongoing learning process. There are plenty of educational opportunities out there to learn how to make millions in real estate. Read some books, take some seminars, and go out and take real action. Then, learn some more and take a lot more action.

Becoming a real estate millionaire is one part dedication, one part creativity and one part hustle. Put them all together and watch your real estate empire grow.