How 2 Investment Properties Could Change Your Life ?
With a global pandemic well and truly here, everyone across Australia – and the world, is anxiously gripping to their tv’s, radio and social media in anticipation of what will happen next. The silver lining in this whole saga is that we are all going through the same thing. We’re all in the same boat and many of our financial circumstances have changed. Unfortunately, some people have been impacted more than others. If you’re unable to work from home, or are a non-essential employee, chances are your financial situation has been impacted as a result of this financial crisis.
Think back to those times when you wished you had just taken the leap of faith with purchasing your first investment property, think about how your financial situation would have potentially been different today. You would have had a constant cashflow and passive income, even if you’re one of the many Australians without a job.
At Logic Property Group, we’re all about educating our clients on how they can make the most of their money and where they can yield the highest financial benefits when it comes to property investing.
While many Australians around the country are using this time off to rest and recuperate before inevitably once again entering the workforce, many are focusing their energy on their financial situations and taking this time to be productive about opening up another possible stream of cashflow.
How Can an Investment Property Help Me During a Financial Crisis?
During this time in lockdown, has the thought ever crossed your mind about earning a passive income while staying home? Perhaps you think back on that brand-new car you purchased because you loved the interior leather seating and now you wish you would have put that money towards a property deposit.
A positive cashflow is the only thing that will give you peace of mind in a time like this. Having a passive income during a global pandemic means that your source of income won’t change, and you and your family won’t have to suffer through the burden of being anxious about money, no matter what your temporary employment status is.
It’s no secret that everyone wants more money, and with the correct financial decisions, we can all take a step towards that. Investing in property is not about getting rich quick. It’s not going to make you a millionaire overnight, and it usually takes around 15 years to see a great return on investment, but patience is virtue, and good things take time. That’s why now is the time to take a step towards having a secure financial future.
Logic Property Investments
We’ve been in this business a long time, we have over 15 years of experience and have learnt many things along the way. We want to share some examples of our own portfolio and how purchasing two investment properties have made a difference in positive cashflow.
Back in 2015, we purchased a property a little over our $500,00 price point close to a new estate, a growth area and infrastructure was about to come in. From 2015 to today, the property has gained $400,000 equity. After loan repayments and all expenses are paid, we have $400 a week in cashflow.
Another example we are proud to share is in 2008 we purchased a property for $380,000. Due to inflation, as of today the property has created us an extra $350,00 in equity and after all expenses and loan repayments, it has given us an extra $250 a week in cashflow.
When you add the two income streams up, that’s an additional $650 per week. That’s right, that’s a passive income after all property expenses are paid on both, and in addition to your salary. That’s almost all of what an average employee makes today. Can you imagine how much of a difference that income would have made for you and your family today, in times of a financial crisis and global pandemic?
Protect Your Family
It’s inevitable that another financial crisis will occur in our lifetime. Downturns happen all the time, and it’s up to you how ready you will be to protect your family if you were to be put out of a job. Logic is your property investment advisor in Melbourne and we want to help you put a financial plan in place to keep track of your money so that you can make better financial decisions and help your family should you have to endure another crisis.
In the current climate, passive income and cashflow would be extremely beneficial to many individuals and families across Australia. This means that you won’t need to go to work but will still be earning money. One thing we always tell our clients is that there is no benefit in keeping money in savings accounts. While it may give you a rush every time you log into your online banking, saving money in banks does not generate the same kind of revenue that you can make by investing in real estate. If you have enough money saved, then investing in real estate is the best option to utilise your cash and help it grow.
During this unprecedented financial crisis, we have heard so many sad stories of many Australians doing it tough and we feel that we need to be helping more Australians put financial plans in place so that they can protect themselves and their families.
Our mission at Logic is to help you setup at least two investment properties paying you positive cashflow over the next two to three years. Having a financial plan in place will set you financially free, help you create a retirement plan and help you be prepared for the next economic downturn or financial crisis so that you don’t have to worry about where you’re going to get the money to pay that daunting electricity bill.
Get in touch with our team today and take the step to a secure financial future.
The information on this post/video is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.