Property Investment Articles
Hi everyone, Salena Kulkarni here from Phoenix Wealth Group, and in today’s short video, I want to talk about, how many properties are enough when you talking about building a portfolio.
So over the years, I’ve been to so many seminars, webinars, I have read so many investing books and something seems to be common in all of them is this idea you should be pursuing the purchase of as many properties as you can.
I’m not sure, if I fully subscribe to that view, because I think obviously along with purchasing a whole lot of property, comes stress, administration and all sort of other things that you don’t expect to happen.
So one of the things that I’m really big on is this whole idea of reversed engineering, now reversed engineering simply means, where do I get to in ten – fifteen years’ time with my property investing, how much income do I want to be generating, what is the asset I need in order to live the life I want to live.
And then working backwards, and say as a matter of fact I don’t need that many properties in order to achieve that, I think that something a lot of people haven’t heard is that more is better, and what I would like to say is that in actual fact, it’s more important to have a minimum effective dose when it comes to property investing rather than be the person who is out there just trying to hassle the next deal, get the next deal out of the line.
So I hope you find this useful, if there is anything in this video resonates with you, I really loved to get in touch, otherwise, please subscribe, share and like my video.
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