Scaling Up to a $2 million portfolio and beyond πŸš€

As your journey progresses, so does the potential of your property empire. With diligent planning and strategic investments, you can witness exponential growth in your portfolio.

Step 3: Two Becomes Four and So OnπŸš€

Let’s say we did our homework well and it took two years for our first property to increase in value to such a point that we could leverage another property off the back of it, and one property became two. So then another two or so years later we can expect our two properties to continue to grow, and then two become four! Another cycle later four becomes eight, eight becomes sixteen and so on. This exponential growth is the key to building a $2 million portfolio rapidly. Remember, the hardest part is getting started, but with determination and smart choices, your success is inevitable.

I have been asked what I would do if I had to start over again from scratch. The answer is always this: I would get a job. I would rent the cheapest accommodation I could handle. I would drive the cheapest car I could. And then I would save every last cent until I could scrape into my first property. Then I would buy that property in the best boom location I could find, and let the property market do the rest. Because I know after that I will be fine.

Self-Managed Super Fund: Your ticket to property wealth! πŸš€πŸ’Ό
Did you know that you can harness the potential of your superannuation to invest in property? Yes, it’s true! Let’s explore how you can use your Self-Managed Super Fund (SMSF) to build wealth through real estate.

First things first, setting up an SMSF allows you to take control of your retirement savings and make decisions on how to invest them. This includes the option to purchase property within your fund. How amazing is that? While SMSFs have been around for a while, recent changes have made it more feasible to consider real estate investments within them. However, navigating this process requires expert guidance.

When establishing an SMSF, it’s crucial to seek assistance from professionals well-versed in SMSFs and property investment. Not all accountants or financial advisors are experts in this field, so choose wisely. One of the incredible advantages of SMSFs is their flexibility. With the ability to have up to six beneficiaries, couples can pool their resources and manage a joint fund, maximising their investment potential. However, there are some limitations to be aware of when purchasing property through an SMSF. For instance, there’s a requirement for a minimum 30 percent deposit and a maximum of 70 percent financing. Despite these restrictions, the benefits are substantial.
Let’s consider an example: You have $250,000 in various super funds and decide to establish an SMSF. After rolling over your existing funds, you have $250,000 to invest. You find a property valued at $500,000 and decide to purchase it using a $150,000 deposit (30%) and a $350,000 loan (70%).
If the property doubles in value over a decade, your SMSF’s net position could reach $650,000, significantly outperforming traditional investment avenues like shares.

ADF Housing Entitlements: Your ticket to property prosperity! πŸ›‘οΈπŸ’°
Get ready to embark on an exciting journey into the world of property investment with our upcoming series on leveraging your ADF housing entitlements! πŸš€ As a member of the Australian Defence Force (ADF), you have access to a range of entitlements and schemes designed to support your housing needs and investment goals. From the First Home Owners Grant (FHOG) to the Defence Home Ownership Assistance Scheme (DHOAS) and more, these allowances and schemes offer valuable opportunities to build wealth through property.

In our upcoming series, we’ll delve deeper into each of these entitlements, exploring how they apply to property investing and uncovering strategies to maximise their benefits. Whether you’re a first-time homebuyer or a seasoned investor, understanding and leveraging these entitlements can make a significant difference in your property journey.

Stay tuned as we unpack the intricacies of ADF housing entitlements over the next few days, equipping you with the knowledge and insights needed to make informed decisions and achieve your investment goals.

~Daimien Patterson

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Legal Disclaimer: This information ('the information') is presented for illustrative and educational purposes only. It is not presented nor should it be treated as real estate advice, legal advice, investment advice, or tax advice. All investments involve risk and potential loss of money. If you require advice in any of these fields you should contact a suitably qualified professional to assist and advise you. Your personal individual financial circumstances must be taken into account before you make any investment decision. We urge you to do this in conjunction with a suitably qualified professional. Daimien Patterson, IntegrityX Enterprises Pty Ltd, and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers do not guarantee your past, present or future investment results whether based on this information or otherwise. Daimien Patterson, IntegrityX Enterprises Pty Ltd and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers disclaim all liability for your purchase decisions. You should do your own independent due diligence and seek the advice of qualified advisors before making any investment decision.