How You Can Be 3-7 Years Away From A Multi-Million Dollar Property Portfolio
Many of us did not get the privilege of learning how to become financially abundant during our schooling years – in fact, the education curriculum didn’t even cover taxes let alone how to structure a basic budget. It’s no wonder then that so many people don’t realise how close they are to being able to create a multi-million dollar property portfolio that has the potential to set them up for life!
Let’s explore this further.
Using real estate to become a successful property investor is underpinned by one very important philosophy – profits are better than wages.
Fundamentally, we get into the game to make money from steady and increasing income which creates a profit from the properties we own. On the other hand, wages are money exchanged for time, skills and labour. You don’t put in the hard yakka – you don’t get paid.
For some this may be ok, but for others there comes a time in life when they’re ready to work less hours for someone else, to concentrate on other things they love while still getting paid.
The answer to this equation is real estate.
THE GOAL OF AN INVESTOR
The goal of property investors in the market is to target optimistic returns.
If you fully accept that profits are better than wages, it will serve you well for a lifetime. I wish somebody had taught it to me at school, but I went for 12 years without hearing it once. It wasn’t even mentioned at the real estate college I attended.
Understand that companies, banks and institutions are all hunting profits and that they’re all hunting in the same safari park as you – the Australian property market.
Yes, learning how to create your own profits comes with time and experience but the payoff is worth it.
WHY DON’T MORE PEOPLE INVEST IN PROPERTY?
However, this does beg the question – if property investing is such a smart and lucrative profit making machine then why don’t more people do it? As a professional who’s worked in the industry all my life, it still surprises me that more people aren’t scrambling to have a cluster of properties all working for them to generate passive income. The reality is that for most, owning multiple properties simply feels out of reach.
On top of this, many don’t know where to begin when it comes to creating long-term sustainable wealth for themselves.
WE MUST SEEK THE KNOWLEDGE WE NEVER GOT
You would think that in the privileged country of Australia, wealth creation would be passed down from one generation to the next; a parent would coach their child and so on.
These invaluable lessons and strategies would find themselves into the education system and we, as a nation, would empower our citizens with the sensible means of becoming prosperous!
However, very few people obtain the necessary education to make sound financial decisions. For many of us – our upbringing did not embrace the art of wealth creation. For the majority of Australians, the success that is ‘making money’ is entirely misunderstood and seems unattainable.
I mean, one can go to school and be educated for 12 years in Australia and still graduate with no economic understanding whatsoever.
So, we actually have to seek the knowledge as we grow.
REAL ESTATE CAN CHANGE YOUR LIFE
When I realised that I could create riches by using controlled debt, and leverage it into real estate to make millions, naturally my world changed forever.
Yours can too!
The only caveat is that you need to have an open mind. I want you to recognise that no matter what your background; there are major opportunities available to you through real estate, but you have to be willing to grab them with both hands.
BUILD YOUR PORTFOLIO TODAY
A person with drive and initiative is no more than three to seven years away from a multi-million dollar and self-sustaining property portfolio. It just takes support from the right people to get you started.
Join our team of real estate experts at one of our free investing seminars. These special events are run by real-world property gurus who know how to get you into a position where you’re creating real profits from increasing levels of passive income.
Spots are limited so book now!
Sam Saggers
Recent Articles
An Investor’s Guide to Multi-Income Properties
When it comes to building a booming property portfolio, diversity is key! There are four primary multi-income types that Australian investors can buy at the moment.
Property Cash Flow Basics For Creating Passive Income
Buying real estate is similar to running a business – good performance is derived from your ability to generate cash flow. For a property investor, this means eventually living off the passive income that your real estate generates. Therefore, it is especially important that you map out your ability to build a portfolio that will deliberately achieve this level of success from the get-go.
How Property Investors Can Reduce Tax Down To Zero!
Those who own real estate are subject to many, different kinds of tax. Some tax is unavoidable. Other kinds of tax are legally, 100% avoidable – or at least able to be reduced substantially. With the Victorian government recently announcing a rise in the land tax threshold it’s even more important that property investors know where they can and should minimise the tax they pay.
A Property Investor’s Guide To Depreciation
Every smart property investor knows that to create and maintain a portfolio, we need to have good cash flow. One of the ways we can support this is by using depreciation and tax. But, just like equity, depreciation only works for us if we know how to access and then leverage it.
A Property Investors Guide To Guaranteed Rental Increases
Rent is your weekly or monthly incomes from your property. And it’s an income you don’t work for. It’s the absolute key to good cash flow and passive income, so it’s essential you are able to keep raising your rents at regular intervals. But, what makes it possible for property investors to do this?
The Only Time You Should Sell An Investment Property
The golden rule of property investing is to buy well and NEVER SELL. However, there are always exceptions to the rule… Firstly, let’s look at why you would keep an investment property? If you buy a great piece of real estate, in the right location, it will always create a passive income for you, so there will be no reason to sell it.
House vs Apartment – Which Is Better for Capital Growth?
Many property investors favour one type of property – either apartments or houses. While there are pros and cons to both, which we will discuss here, one of the often forgotten advantages of houses is the investment you’re making not only in the bricks, but also in the land. Land value in itself increases over time, and investment in a piece of land also provides opportunity to renovate, subdivide and develop, all of which lead to greater capital growth.
Use Equity To Create Cashflow in 4 Simple Steps!
Equity is an interesting topic when it comes to real estate. Smart property investors know that equity can play a key part in creating passive income that accumulates over time, allowing us to eventually work less and ultimately do more of what we love. But in order to be able to use equity to create passive income, there are some important steps property investors need to take right at the beginning of their journey.
Economy Bounce-back Better Than Expected, What Investors Need To Know
Bouncing back much faster – and stronger – than predicted post-COVID, the Reserve Bank of Australia (RBA) is anticipating a good end to 2021, and a great 2022. But with so much uncertainty over the last 12 months, it’s hard to know if this economy is here to stay, and if so, how it will impact property investors in the long-run.