Find Out How Many Properties You Need in 2 Minutes, Even If You’re Not a Math Wizard
This is an absolute must-have conversation with yourself before you start investing.
Figuring out how many investment properties you should own underpins your future decision making.
It starts with these 3 questions…
What are your wants?
What are your dreams?
Do you know your numbers?
Let’s figure out how many investment properties you should own:
Step 1: Pick how much income you want every year in retirement
Step 2: Assume a gross rental yield (anywhere between 3-6% is standard)
Step 3: Divide income by rental yield
This will give you the amount of money you should have invested in property.
It’s then up to you to use this figure and work out how many properties you should own.
You want to retire on $100,000 per year
Let’s assume average rent of 5% across your property portfolio.
You would need $2,000,000 in properties.
You will need 2-4 debt-free properties by the time you retire.
You want to retire on $200,000 per year
Once again average rent assumed at 5% across your property portfolio.
You would need a property portfolio of at least $4,000,000.
This would equate to at least 6 debt-free investment properties.
Understanding these numbers, what they mean and how they help lay the foundation to create a positive cash-flow property portfolio is the one thing all successful investors do.
This will ultimately result in your success as a property investor.
We will take you through this exercise and how to work out your numbers to get started, at our upcoming Property Investor Masterclass Webinar.
It may seem scary out there at the moment, but now is the best time to get education and support around the massive opportunities we have as investors, at our fingertips.
You’ll be able to ask them any question you want and it’s a free event!
Book your seat here.
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When it comes to property investment there are some things you can never have enough of.
When it comes to property investment there are some things you can never have enough of. Good tenants, reliable builders, a great relationship with your bank.
But more than anything what you need is good cash flow.
Having a steady income of cash means never having to dip into your own pocket to top up repayments, complete repairs or make another purchase.
Here are the top five ways you can ensure the cash keeps flowing, so you can keep your investment portfolio growing.
Don’t be caught without it.
As a property investor who is building a portfolio, it’s vital that you have access to your equity whenever you need it.
There’s nothing more frustrating than finding that perfect new property to purchase, only for it to be held up – or worse still, lost completely – because your finances weren’t in good shape.
Having an interest-only loan structure with a healthy off-set account is a great way to ensure you have equity at your fingertips whenever you need it, but that’s not the only way…
Take the Next Step
After a lot of bad news over the past 12 months – thanks a lot COVID-19 – it’s nice to be able to kick off 2021 with some good news. There’s going to be a lending boom which, if you have your property investment strategy in place, is going to make your life a whole lot easier so you can build your property portfolio faster and cheaper.
Like a fine wine, the value of property gets better over time. Traditionally, the more time you have an investment property, the higher the value will rise.
However, unlike your favourite Shiraz, property values can go up and down, and up again.
Getting to know how, why and who is valuing your property can help us understand what property to invest in.
There are three ways to value a property – and three very different people doing the valuing.
What are your Big Rocks this year? What are your Big Rocks for your property investing journey?
If you’re scratching your head and wondering if you’ve accidentally stumbled across a blog for construction workers, bear with me.
Big Rocks is a concept often used in business or life coaching to essentially describe your priorities. The theory is, if you don’t have clear priorities, or if you have too many, chances are you’ll let smaller issues distract you and ultimately fail in your goals.
Historically real estate has always been a good place to put your cash. It’s an asset you can feel and touch – unlike stocks or shares – which makes investors feel safe. And, in the right place and time, property can grow in value while you sleep, meaning as an investor you don’t have to do much to increase your personal wealth. But as investors, how can we better predict the next hot spots for real estate investment so we can get in at the right price? How do we know the best places to buy that are guaranteed to grow in capital value, return regular rent increases and ensure future personal wealth?
According to the Australian Bureau of Statistics, 99 per cent of property investors in Australia fail. In this instance, the definition of failure is failing to buy three or more properties. Failure is easy. It takes very little effort to be bad at something. Success is something you have to work for, something that takes time and effort. But if you’re willing to put in the hard yards, we know you can succeed. We know because we’ve helped thousands of Australians buy property that’s yielded millions of dollars of income. To understand how to succeed, we need to know why so many fail. People fail because …