2 Properties To Financial Freedom

https://www.youtube.com/watch?v=Pj8gLiDEz8Y For so many people financial freedom seems like an elusive goal that is extremely difficult to achieve. With the 2 properties to financial freedom strategy that elusive goal becomes an almost inevitable reality. All that changes will be how long it will take you to experience it. Download the 2 Properties To Financial Freedom Document Book Your Free Strategy Session Transcription: For so many people, financial freedom is this elusive goal that just seems really far in the distance and really difficult to achieve even property investors who purchased one, two, three properties often struggle to actually achieve financial freedom and have the freedom to make the choices that they want and to have the lifestyle that they want. So today, today I am super excited to have Ben Everingham with me. Hey Ben. Hey Ron. I'm excited man. This is going to be huge today. This is probably one of the biggest things that we've ever talked about, so really excited to be sharing this and this is the two properties to financial freedom strategy, something that's been in the works for years but has kind of just come about and it's a way of investing that we believe is simple enough for the everyday investor to do. We believe that it can make it not easy, but achievable for you to get financial freedom and also it just opens up so many options for you as well in your life. You don't need to wait until you're 65 in order to start living the life of your dreams that you can start doing it in a lot sooner and a couple of years sort of thing. So what is it about this strategy that gets you so excited, Ben? Because obviously I'm excited right now. I get excited when you get excited for it. So this is just like me vibing off you, but when you run me the other day after you sort of had this concept, I think it was while you're having a surf, wasn't it like you like, yeah, something awesome is going to come to me today and he gave me a call that other like what I love about this strategy is you're right. It's not simple because achieving financial freedom takes work and let's all just get real about that for a sec. But it is simple in its application. Most people earning a regular household income in Australia can definitely do this and you don't have to be a rocket scientist to figure it out. And what I love about these compared to all of the other stuff I've read and listened to over the last eight years, is the fact that everyone ends up there if they just follow the strategy, right? Like worst case scenario, you're going to end up financially free as long as all the crazy stuff of life doesn't get to you when you follow this strategy, which most people should be able to do. So I get so excited about that man. Like I love the fact that it helps people like me and you actually get to where we want to be in a reasonable amount of time without taking on too much risk or too much debt. And it makes the journey a pleasant one because you're not forking out hundreds and hundreds of bucks a week. He negatively gearing just the hope in the future that, you know, you end up getting there when you want to be there. Yeah. And you don't need fancy strategies or tactics like options or even like things as difficult as subdivision or you know, there's so many different strategies out there that people need to play all these games and get certain amount of capital growth and then sell a property and then buy another property and just juggle so many balls. So I liked that. This is very simple. So I'm gonna. I'm gonna. Lay out the big. Then I'm going to hand it over to Ben and we're going to start to get into the nitty gritty. So the two properties to financial freedom idea, the strategy, what is it? Here's the idea, right? You buy two high quality properties. We're recommending houses. So you buy two high quality properties in Metro markets on those properties. You build a granny flat on each of those properties. So you've now got two houses and you've got to granny flats that are delivering you for incomes that a cashflow neutral or cashflow positive. You have a principal and interest loan on these properties over a period of say, 25 years. And the thing that's so powerful with this strategy is you purchased the properties, you build the granny flats, the properties basically pay for themselves and they're also paying themselves off over time. So in 25 years, if you just left it, you let the property pay for itself in 25 years it's going to pay itself off when that happens. And you no longer have a loan, you no longer paying the bank, that rental income now goes into your pocket and you become financially free once they're paid off. So it's a pretty simple strategy. You just purchased two high quality properties in good suburbs in metro markets. You'd build a granny flat on each of them. So you've got four incomes coming in, you pay off the loan over 25 years. And as we'll talk about 25 years, sounds like a long time. But as we'll talk about you can make it shorter. You're scaring me with 25 years, but we'll get to that. Yeah, it's not. The goal is to do it quicker than 25 years, but 25 is like worst case scenario. And so it's kind of very simple, it's going to happen over time and then it's up to you to speed that up into turn that 25 years into 20, into 15 into 10 or whatever it may be. And I think that's why I love this when you presented the idea to me so much because most people will get there, most people can execute this strategy, but it gets you thinking about solutions of how you can get there quicker and anything where your mind focuses on solving a problem or creating a solution or getting somewhere by being creative. Then you know, I'm all down for that man. Like that's what I'm about. I think that's what you're about as well, like in, you know, that's why we're fortunate enough to be able to share this sort of video today as well. Yep. And as you're seeing this, it's not. This is not all you're going to do. We're going to talk about buying your own house as well and how that fits into this or how you can expand this and purchase more investment properties as well. But we're gonna call these, these two properties with two granny flats, your foundational properties, so these properties will lay the foundation for your financial freedom that if you do nothing else, they would go on to achieve financial freedom for you. So that's your foundation for financial freedom that you're building. We're going to call it the foundational properties. So I love that private. Like I actually get goosebumps that about that stuff because it's so simple, man. Like we've been looking for this type of strategy and thrashing over these ideas for years and years and years. Now what? We've probably done 300 videos together. You just need to surf more man. That's the solution here. So that's it. And I've served today as well. And then just recording now. So maybe that's why we're vibing so well. Alright. So this strategy is broken into three main phases. So we've got the first phase, which is the accumulation phase, which we're going to talk about now within. Got Consolidation and we then got the lifestyle phase. So Ben, I'm going to pass over to you to talk about the accumulation phase to get specific about some of the numbers around these properties and just to let you guys know the numbers that we're saying today aren't. It doesn't have to be exactly this. You can buy something more expensive, less expensive, it can rent from more or less. This is just a framework to start with and then depending on your life, your income, etc. You can adjust these numbers. These numbers might like if this video is still circulating in 10 Years, which I know it's going to be one. I hope my voice is deeper in 10 years time, I'm gonna look way older when you come and talk to me and the numbers are going to be super different. So let's just pretend that there's no inflation right now and we're just talking straight up numbers, but with these two foundational properties, it's super simple, right? The first step of the accumulation phase, which let's call the accumulation hard work phase. IT's when you've actually got to do stuff. It's when you've got to decide on a strategy, that's when you've got a buyer stuff. It's when you've got to understand the market, it's when you've got to buy the best possible property possibly can and time things and we've got heaps of content out there to talk about that stuff. But let's say you've nailed the market. it should always be sydney, melbourne, or brisbane. Um, you've now the product type. It's got to always be houses, you know, like we know from the history that those three markets and houses constantly outperforming units. If you want to go a step further and overlay more data from rp data and matosich, then it's got to be within walking distance to the beach or 20 ks from the city to do the best they possibly can. And so what we're talking about here is really this accumulation phase where we go out and buy one very high quality house for 400,000 bucks and we rent that property out for $420 a week. Now, right now it's tough to get a five percent yield in sydney or melbourne, but you can definitely do that in brisbane and then the second step of the accumulation phase is doing exactly the same thing again. Now, as ryan said before, we're looking for houses are nice big piece of land, 500, 800 square meters with drivable or walkable side access where you can put a high quality granny flat in the backyard in the future. We won't get into specifics of all that today because I don't want to overdo it, but we buy a $400,000 house. We rent it for 400, 20 bucks a week. We do that twIce. Um,