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There are 3 distinct phases to property investing which can give you a good framework for what to focus on. Foundation, Acceleration and Freedom.
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Resources Related To This Episode
2 Properties To Financial Freedom
What It Feels Like To Be Financially Free
Transcription:
Hey guys, it's Ryan here from on property and welcome back to another property investment episode where we're talking about investing in property and achieving financial freedom. Today I'm joined with me by none other than Ben Everingham, the buyer's agent. How's it going, Ben and Ryan, how? Amen. Yeah, really good. So in this episode, Ben, we're going to talk to the good people out there about the three stages of property investing and this is more specifically for people who are interested in investing using the two properties to financial freedom strategy that we've talked about. But before we get into your background, looks a little bit
different there. What's going on? You're in your room.
It looks like I'm in a wardrobe right now, I think from the camera angle, but um, we've moved into our new office which is super exciting for our business. So we were in a property that I owned, um, I've decided to sell that property and we built this other property for the Sydney office or which was my own home. Um, and it's now become the office and it's pretty kick ass. Maybe you and I can show some people on the next visit when you come in next week.
Yeah, well maybe next week I'll come in and we'll do like a walking tour,
get people to have the office and they can see it. For people who don't know. This is actually Ben's dream home, quote unquote Ben and Lisa's dream home. They built this home themselves. It was going to be their dream home and then they lived in it for a bit and turned out not to be and they now live in their new dream home. But yeah,
you having a laugh about this yesterday because a couple of epic clients came up and we'll talk about it all and I said like they'd been working towards being on the water for five or six years. We bought that piece of land that took about a year and a half to register about another half a year to build. We moved in for like eight months and then decided it wasn't for us and it's like, you know, we have a bit of a laugh about it now that I'm two sentimentally attached to the house. To sell it, so we thought we'd put the office in it.
Okay, so maybe not the soundest financial decision, but hey man, it feels good. Do it. Why not? So anyway, in
this video we want to talk about the three stages of property investing for those using the two properties to financial freedom strategy. For those of you who don't know about this strategy and haven't seen the episode on it yet, please go to on-property dot com dot a u four dash five. Oh eight. That's when me and ben spent about an hour talking through the strategy in depth, but the basic rundown is that you purchase two properties, build a granny flat on each of those properties. So you've got four incomes coming in, you pay those properties off, all those properties, pay themselves off over a number of years, 15 to 25 years, and once they're paid off, effectively you become financially free because the money that you're using to pay down the mortgage can now be put into your pocket. So it's just a really simple investment strategy for getting that baseline financial freedom, but something that can really help you as an investor when you are going along your investment journey is you just have a framework of the different stages of investing so you know where you're at, you know, what stage you're and you know what to focus on at that point.
So that's why we wanted to create this episode to really talk about those stages and give you that framework to work with because it's been really helpful for u...