Is Valuation Any Good? Ten Ways You Can Be Certain.

scheme all depends on your definition of quick if your definition of quick is five to ten years and it is possible and it’s I said I’llpeople out there that say I want to build a property portfolio like yours and have it in two years and so we ‘ll hang on a second I didn’t even get it in two years you know it’s been a gradual progression to get there so yeah I think if you have a good solid goal a clear plan on week going and take action and be committed to it you know it is possible I’ve done it I’ve done hundreds or thousands of.

People that have done it as well so it’s definitely something that you can do whether it’s going to happen in the next six weeks it does take time so when you’re trying to build the plan either for yourself or for your clients how do you know how much is enough so how many properties you need what’s the dollar value and guess how do you work it out I guess it all I will just run through some basic scenarios here so let’s say for instance you want to have a hundred thousand dollars passive income as a wage for doing nothing in the future let’s say for instance you know that you need to get an average.

House around for three hundred dollars per week today and so it’s, rough numbers per year in rent you need about seven of those properties unencumbered to give you a hundred grand how you going to get seven properties and owned them outright so it’s a matter of working backwards and if I buy ¬†properties and they go from you know ¬†grand to grand or whatever the case may be and they double and you sell off half so you by WM out it’s all of half and then you’ve got a half from unencumbered but in the meanwhile your plan may change you might have got enough equity here I want to keep the.