HOW PROPERTY PASSIVE INVESTING CAN SECURE YOUR FAMILY AND CHILDREN’S FUTURE – MY OWN CASE STUDY – I’M ALREADY “RICH”

I currently own 5 properties with 1 being Principal-Place-of-Residence (PPOR). If I keep paying Principal-and-Interest (P&I) on all of them, we all know that all mortgage would have been paid off in 30 years.

I’m now 35, therefore I know that by the time I’m 65 ie. retirement date, my 4 properties, if they’re rented at a very modest $400/week will generate $1600/week passive income. That is $6400/month = $76,800/year.

So, if I’m being super defensive with my investment and decide not to buy any more properties, by the time I’m retired and can no longer be as productive as I’m now in terms of my job, I still know that I’m set financially. $76,800 is sufficient to pay my bills. And on top of it, I can decide to work on something light like part-timing at supermarket or driving Uber.

And as you know, in 30 years time, rents would have increased so I’m confident it would be more than $400/week.

I can also use these investment properties as a “capital gift” to my children, to prepare them for their future. Lets be real, everyone needs every help we can get to get us started, and I want my children to be in a better position than I am.

I don’t want to use property as a vehicle to make me rich. I’m already rich ie. I have a good paying job, I’m healthy and I’m enjoying my life. I ask for no more. My only plan is, as I grow older, I may not be as productive. Therefore, I might not be able to bring in the same amount of salary as I am right now. When this happens, I know my investment properties can help me with passive income.

Plus, the superannuation I have, which I estimate would be about $500,000 by the time I retire, can be used to pay off any debt remaining on my investment properties. Or even, I can use it to buy even 1 more property fully-paid-off and downsize. At this time I would have 5 investment properties + 1 PPOR all fully paid off, which would have given me at least $100,000 in passive income.

However, all of these can only happen if we buy the right properties in the first place. If your properties keep bleeding money, there is no way you can hold onto 4 properties for a long time. It would give you grief. You would suffer from mortgage stress. This is where we Easy Buyer’s Agent can help, to ensure the property you buy doesn’t bleed money, or even if it does, it would be very-very minimal, thus, allowing you to hold them for a long time and put strategies around them.

Please, please, please BEFORE you buy anything, get in contact with us. We don’t want you to go down the wrong path and buy money-bleeding properties anymore. Let us be your buyer’s advocate. We have a lot of insights we can share with you.

PS: Guys, please ALWAYS remember, your job is temporary. Never rely on it 100%. As you grow older, you won’t be as efficient, and you will not be as valuable as the young ones who have more time to learn, are quicker and brighter!

Cheers,
Tommy