Did you know that over 90% of all millionaires made their millions in property?
In fact, according to the AFR Rich 200 list, property has consistently been the major source of wealth for Australian millionaires.
And it’s the same all over the world.
And the great thing is that now days, it’s no longer a game only the rich can play. We’ve had young couples, retail workers, teachers, cleaners, you name it, we’ve seen it, become successful property investors.
And it works because investment properties are assets that will always grow and with the right strategy and right properties, you can fast track your financial freedom years or decades ahead of what we initially thought was possible.
And sure, properties are selling for insane amounts these days but there are still plenty of opportunities to buy brand new homes in high growth areas from only $600K!
In laymans terms, you save a deposit for your first investment, then using equity in that property to purchase the next and so on and so forth. But what about your borrowing capacity if you have all these mortgages? The banks consider the rental income as part of your borrowing capacity, increasing it which is how you’re able to do this over and over again.
Then you have your tax benefits, depreciation, capital growth, rental yield, so on and so forth.
And over time this all adds up and yes it’s not as simple as this, but this is how it works, and this is how our clients are able to purchase multiple properties over and over again without costing as much as you believe because the majority of you mortgage is paid by your tenants and tax benefits, with but a portion paid by you.
Want to know more?
Get in contact with out team today to see how we can help you create wealth the way that over 90% of millionaires have and do every day.
