Property Investment Articles
Hitting a limit within your investing
This week, I had the pleasure of speaking with an avid property investor who had on a very modest income managed to accumulate a whopping 4 properties in a major metropolitan centre.
This was with no help from anyone.
He was frustrated that although he had amassed a significant amount of equity in the last few years, he still didn’t have a huge level of income to go with it. He was also aware that he had hit a limit with the banks.
After reviewing his numbers, the performance of each property, it was easy to see a couple of things.
1. He had done really well for someone who was earning below the median household income.
2. He needed a gently reminder that he had done all the hard yards. There were no weak links in his portfolio. In fact, even a modest future performance was going to leave him in an excellent position in 10 years.
What he needed was a reminder that sometimes property investing is boring. Sometimes you cant keep chasing the next deal. Sometimes you have to focus on debt reduction instead of accumulation.
Lesson – you don’t need much to make a significant dent in your wealth.
If you want help launching into the next level, drop me a line.
Here’s to your freedom!
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