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My investment aha moment

Tuesday, 26th January 2016

Suddenly single at the age of 35, circumstance forced me to start again. The moment I realised property was the secret to independent wealth - and I'm talking property portfolio, rather than one or two individual houses - was when things really changed for me.

I discovered that once I owned a few properties, they could all work together. If one wasn't making the capital gains I'd hoped - I still had a foot in the door with my other investments. And if I decided to move one of them on, I wasn't going to be overly taxed because I could offset any losses against my other properties.

It was an 'aha' moment that has served me well and set me up with a real understanding of how easy residential investment could be once I got the formula right.

If you were to ask me now how many properties you need in your portfolio, I would say that it comes down to your individual investment aims. Do you want to retire early or in 20 years' time? Do you need a full-time income equivalent or will you be topping up to cover education expenses and holidays?

As a general rule (and to have a comfortable lifestyle), I suggest between 3-5 properties. If you have at least 20 years left to work, this is achievable without hassle. Even if you only have 10-15 years until retirement, I believe you can comfortably acquire 3 properties in that period of time.

Now that we've covered the reasons for building a property portfolio, is there anything more you would like to know? Please feel free to email or phone with any questions about how you too can reach Destination Freedom.

Until then,