STEP FOUR:
When you understand how to use property to create lump sums of cash and you use the numbers to generate income, you have a formula you can repeat over and over.
Now is the time to be smart and strategic. Property is a marathon not a sprint so take your time and find the right property. So many go wrong by rushing in and buying bad.
Our IR calculator will show you exactly how good the property is. You want to buy a maximum impact property. That is one that is cash flow positive after the costs are covered. One that has potential to add value both short and long term. In a good area that is desirable for tenants.
It is vital to get this right because you are also setting yourself up to grow your property portfolio and reach your income replacement goals.
You want to create income and equity to help you get your next property approved by the bank not hinder it!