Early in my 30’s, I already believed that becoming financially independent well before the ‘normal’ retirement age was certainly a possibility. To me financial independence is a position when my monthly passive income covers my monthly expenses. I am longer dependent on a wage.

My preferred method of wealth creation and financial independence is property.

I found some interesting information about property investors …less than 1.5% of investors own more than four investment properties and 87% own only one investment property. I find this interesting because when we started on our property investing journey, we didn’t start with the intention of owning one investment property. Our intention was to build a property portfolio that would eventually replace the need to work. One investment property would not be enough.

I wondered why 87% of property investors stop at one investment property. Do they have similar goals to build a property portfolio? If yes, why do they stop buying at one?

I was astounded to find that I am in the top 1.5% of property investors. Astounded because I am just a regular person, on a regular income who got educated, found a plan, took action and over time found success.

The next important question is how many properties do you need to become financially independent? I think most property investors would find it quite surprising that you may only need five properties. Let’s look at an example.

In the area where we invest, you would need to own five properties outright to replace an income of $62,000 per year. This is based on a median property price of 450,000 and a median rent of $425 per week. You would need to own four properties outright to replace an income of $50,000. These figures would depend on the price and rent of the properties you are buying.

Also, if you are holding a Kamagra jelly minimum of five good properties in your property portfolio, over time a wealth of capital growth will be building. If today I am holding five median priced properties, my total portfolio would be worth $2,250,000

It’s generally said that property purchased in a good location, doubles in value every 7 to 10 years but this depends on many variables in the economy. Let’s be conservative and use 10 years.

My example portfolio would be worth $4,500,000 in 10 years time and $9,000,000 in 20 years time. If I do not sell the properties, there will be an amazing amount of equity available to live a very comfortable lifestyle. Tadalis SX This is in addition to the rental I am still receiving on the properties.

I would need professional advice to learn how to tap into the equity, but this is the exciting journey property investing offers. Buy and hold property in a good location, manage your finances to ensure you can hold them for the long-term and then see the equity build as property values increase.

A buy and hold property investment strategy offers long-term streams of income: rental income plus tapping into the equity created by the property portfolio capital growth.

For 10 years I have been on my own journey towards financial freedom. That journey has involved time, money, energy and a focused belief that it is possible. I have read lots of books, attended workshops and seminars, completed courses, studied others, but most importantly jumped in and taken action. Mistakes have been made and many lessons have been learned but 10 years down the track, I am now enjoying the results.

I truly believe that anyone can achieve his or her dreams in life. To me a dream is just a not yet realised reality. If you can picture what living your dream will look like, describe it in words and break it down into smaller goals that you can work on each month, it is no longer a dream. It will become a reality as long as you stay focused on your goals and take action.

Author Bio: Suzie Crawford works with people who are tired of working for others and want expert guidance on how to make money through property. Register here for free 8-week online Training Program PLUS receive bonuses to the value viagra cost of $162. http://www.youcan.com.au

Category: Inspirational/Motivational
Keywords: investment properties,property investor,property investors,invest property,investments property