The 3 Stages Of Property Investing
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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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 us and it’s been helpful for a lot of Ben’s clients as well.
Yeah. So I think I’m sort of jumping into the strategy or this framework. We’ve been talking about it with a couple of different people obviously through video format, the podcast and then I’ve started to introduce it to clients probably over the last six to eight weeks and the feedback’s been really positive and I like the second phase of this strategy probably more than anything else. And I’ll explain that a little bit more once we get to that. But um, I really do like this concept of starting with foundation is Ryan calls it, which means getting your ducks lined up so that in the future you’ve locked in financial freedom for yourself based on obviously you being disciplined and actually saying this strategy through because you know, that’s the way that the strategy can come unstuck as well.
Yeah. And so the three stages that we’re talking about is stage number one is foundation, and this is where you buy what we’re calling your foundational properties. So these are the properties that will go onto when they’re completely paid off, provide you with that passive income and financial freedom. So stage number one is that foundation stage where you’re building up those foundational properties there, the foundation to your financial freedom. Stage number two, the one that ben saying he’s so excited about is the acceleration phase. And this is a really fun phase as well because you can then try and pay off those foundational properties faster. You can do it through so many different methods, which we’ll get into. And then the third phase, which is probably my favorite phase, and that’s, and that’s the freedom to have choices, to do what you want, uh, whether that be to live a crazy life like I do, or to pursue a larger portion of wealth. So let’s go deep on the foundation phase because that’s really the most important phase if he only gonna get one, right? You’ve got to get that one right. So Ben, do you want to talk people through the foundation phase and what they need to do in that phase?
Yeah. So foundation finished to property strategy. And again, if you only want to do one property, fine, if you want to do five properties, fine, you know, this is just an overall concept for the average person like Ryan and I to achieve pseudo financial freedom in a relatively good period of time to financial freedom, real financial freedom, financial freedom, let’s call it real financial freedom then. But obviously there’s dependencies as well, man. So I don’t want to be like you’re going to be 100 percent financially free because if the world goes into war or something or assuming disaster doesn’t strike and assuming you invest well in your properties, continue to perform, then you should have baseline financial freedom, financial, whether that be guaranteed forever, no matter what nuclear bomb to go off or whatever. Probably not. But assuming that the world continues, I have the standard rate that it is. You know, you should be fine. Sorry. Let’s just like not cut that out because I know you’re not going to leave it. I’m embarrassed by that.
So step one is really, really simple. We go out and we actually buy a house and if you can afford to buy a second house, she’d go out and buy a second house after you picked up that first one. Now we’re not talking about setting world records for the most expensive properties purchased here. What we’re really looking for is really, really high quality properties. I like the Sydney and the Brisbane markets personally, but obviously there’s other markets in Australia that this can definitely work within. What you do need in terms of the market is a market where you can legally build a house or buy a house and then, you know, build a granny flat on that property and read them out to two different people. Now that’s really important because as of the time I’m recording this video, you can’t legally do that in Melbourne.
Um, but obviously you can in New South Wales parts of was South Australia. You can do it in northern territory and you can do it in Queensland. So I’m a Sydney, Melbourne, Brisbane Investa, but it really works the strategy in parts of Brisbane and parts of Sydney. Maybe Sydney is a bit expensive. So what we’re talking about for this to ultimately work like an example would be go out and buy 400 to $450,000 home, um, within sort of 20 odd k’s of the cbd on a nice big block of land. Um, and so you go out and buy two houses that look like that, or you go out and build two houses that looked like that depending on what your preferred strategies. And then what we do after we own those two houses is to add granny flats that both of them. So we effectively, if they bought an existing home, build a granny flat on the back.
If we’ve decided to buy a piece of land and we’re looking to build, then you obviously build the house and the granny flat at the same time. And you know, let’s say the house is 400 to 450 k at the moment, the granny flat might be $110,000 on top of that, you know, for a roundabout that 510 during the sort of $560,000 mark, um, you’re getting a really high quality property that’s going to get long term capital growth. But he’s also getting a great Brent return. So again, let’s say that we bought the house for 400 K, we’d hope it would rent for somewhere between 380 and 400 bucks a week. And then you do your $110,000. Granny flat built that in the backyard on an older home. And you’d be getting about 280 to 300 bucks a week that depending on the market, so you know, one house plus one granny flat, now the house and another granny flat, you know, we’re looking at about 680 to 700 bucks a week in total rent return per house. And obviously if you add the compound effect of inflation on rent returns over a period of time, you know that revenue is going to probably be today the worst that it’s going to be in the holding period. And as time goes on, it’s just going to look better and better for you, which is how you can achieve that baseline financial freedom. So the goal of the foundational properties is to accumulate
a large enough portfolio that the rental income, assuming the mortgages were paid off, that the rental income from those properties can support you and your lifestyle and give you that financial freedom once they’re paid off. So you accumulate these properties in the foundation stage. They’re not completely paid off, so you’re not financially free as of yet, but they will go to pay themselves off in the future and Ben just outlined the two properties to financial freedom strategy where you purchase properties and you build granny flats. You can do that, but for existing investors as well, like we did a whole video on that, which I’ll link below or the show notes of today’s episode, but for existing investors, if you’re already owned properties, it doesn’t have to be a property with a granny flat. Basically we’re just talking about accumulating a large enough portfolio where the cashflow from that portfolio, if it was fully paid off, would support your lifestyle and that’s kind of the foundational phase, is building those long term high quality properties that you’re going to hold it into the future and that are going to fund your lifestyle once they’re paid off.
That’s a really cool point, man, because I’ve got single income properties in my portfolio that are just too good to sell and so that I know there’s a lot of people watching this that already own their own home that they might turn into investment later on. They might already own somewhere between one and 10 investment properties, you know, we’re not saying go out there and sell them all just to have two properties in to granny flats. If you’ve got some really good properties that meet your longterm goal of good capital growth, plus really good cash flow, then you know, hold onto those properties and just tweak the strategy to sort of support yourself. But if you haven’t achieved financial freedom at the moment, I think from everything that I’ve learned over the last eight years as an investor, this is probably one of the simplest ideas that I’ve ever come across and I’m super grateful that you had that epiphany and yeah,
and so with. If people are trying to work out, okay, am I in the foundation phase? Have I moved onto the acceleration phase? The easiest way to work it out is to just look at the current rental income of your properties and then shoe, like pretend that you don’t have any mortgage left on them and do, does the rental income support your lifestyle and then obviously take into account about 20 or 30 percent of that rental income for the expenses of the property, maintenance manager fees, insurance counsel rights, etc. So take out some of it. So maybe take the full rental income that you’re receiving, cut out 20 or 30 percent and then say if, if all these properties were paid off, would my lifestyle be supported? And if the answer is yes, well then you’ve accumulated enough foundational properties to potentially have financial freedom in the future. If the anSwer is no, then you may want to go out and purchase some more foundational properties so that you can get to the point where you’re like, yep.
And it’s really interesting that you say that because one thing that I was thinking about after talking to some clients yesterday was, you know, let’s say you own a million dollar home right now, you are 800,000 debt on that property and that property is renting for 600 bucks a week. You know, that’s $800,000 of debt that you have to pay off personally to get $30,000 a year worth of income in your pocket versus, you know, potentially re purposing that money in having two houses with the same amount of money to houses, to granny flats. Instead of getting me 600 bucks a week worth of rent, return on your $800,000 of debt. You now getting 1400 bucks a week of income on your $800,000 worth of debt. So it is important to review your portfolio. And even personally since you and I began discussing this, I began to sell assets because, you know, I, I don’t have a problem selling assets as you know, like it’s not like I’ve got to hold every property for the rest of my life and selling assets can be the fastest way to obviously pay down debt on other properties. But I’ve been, you know, strategically moving assets that don’t align with where I want to be financially, freedom lies and you know, holding the assets that give me great capital growth with unique positions that also give above average rent returns and thinking about it a bit more strategically. And I wasn’t really doing that until you and I sort of had this conversation, which has been great.
yeah. I do want to move on from this foundational phase shortly. But I do think it’s really important to talk about that idea of being an unusual cashflow position or positive cashflow position. Because if you’ve accumulated these foundational properties, as ben was saying, maybe if they were fully paid off, you would have enough money to support you. But the rental yields so low. You’re talking that million dollar property renting for 600 per week. That means that your negative cashflow and you’ve got to pay off that debt by yourself, but through your employment and stuff like that, that’s going to be a lot harder than if you’re in a position where you own these foundational properties. They’re positive cashflow and they’re actually going to go and pay themselves off and so we’ll get into that in the acceleration phase and we’ll talk about why that’s so important, but that is a key idea that you can accumulate these foundational properties.
Is their cashflow neutral or cashflow positive? They’re actually going to do the work for you and pay themselves off for you and give you achieve financial freedom for you without you striving for it. This is the idea, the foundational phase as the hard work where you’re accumulating your foundational properties, but once you’ve done it, they’re gonna. Go and pay themselves off over time and give you financial freedom. And then we move onto phase two acceleration, which is about speeding up that financial freedom. so if those properties are going to take 25 years to pay themselves off or 15 years or 18 or whatever it may be, acceleration is about, okay, now what can I actively do as a person, as an income generator, as an investor to take that from 25 years down to 20 years down to 15 years down to 10 years. And that’s why the acceleration phase is so fun. So let’s talk about that now.
So as you said, what I love about is the acceleration phase in this concept that you’ve created is it allows people like you and I and everybody watching those videos, like as humans, we love to solve problems and if you pose a problem to me, which is, hey ben, I’ve gone out and bought my two properties and I’ve built my two granny flats on them and I’ve got my own home as well. And if I pay principal and interest on all of those lines, over 25 year period of time out on all of those properties outright and being financially free, then you say to me, well, you know, let’s think creatively about how I can go from 25 years to 20 years or 15 or 10 years. It enables the brain and nobody else in the property industry is talking about this at the moment, which is solving the problem with how can you speed up this journey of financial freedom and how can you be the one in control of when you actually achieve your financial freedom. And I know that’s a bit of a copout because for some people, the thought of owning three properties outright is crazy and feels very unachievable right now. But honestly, when you start asking yourself, you know, that question of how can I do this and how can I own these properties sooner? You know, ryAn, you can probably touch on some of the different ideas that we’ve had about just how easy it is to spray this stuff up.
Yeah. Well that’s the thing. When you’re saying to people, feeling like owning three properties outright is very overwhelming for people, that’s true, but that’s why getting the right properties in the foundational phase is so important. You’ve got those high quality properties in good areas that are going to grow both capital growth as well as rental growth, hopefully being an cashflow neutral or cashflow positive position, so it’s like you accumulated these properties, you went out, you purchase two properties. Yes, that’s difficult. You built to granny flats kind of difficult to. It’s not that hard to have granny flats, so that’s. That’s a that’s achievable to do, to buy two properties, build to granny flats, that’s achievable and now those properties are going to do it for you. They’re going to pay themselves off for you and so it’s not 25 years of struggle where you’ve got to find all this extra money to pay off the debt.
Those properties is going to pay off the debt themselves. Acceleration phase, you own those already. Acceleration phase is now about, okay, what can I do in my life to generate extra income so that I can pay down that debt faster, and so one of the ways to do that could be through investing in property, so it could be through purchasing cashflow or capital growth property that goes up in value over maybe a 10 year period selling it and then using the extra money from that to pay down debt. It could be from starting a business, it could be from doing something like the thousand dollar projects where you’re just saving up chunks of a thousand dollars and each time you do that you put it on these mortgages and so they’re paying off faster. It’s really up to you how you go about generating extra income, but that’s why this phases so fun. There’s so many different ways that you can do it. It’s not just one way and it doesn’t even have to be by investing in property. It can be things. You can go and mow your neighbor’s lawn and make 50 bucks and put that on your mortgage. like it can be whatever you want it to be.
I love the idea that you said to me recently, like you gave me a call. We haven’t really talked about this on camera, but he talked about, you know, how you’d modeled these for your life and you know, I’ve been playing around with it for my own life and you sort of said that if someone wants to put down a 10 or a 20 percent deposit on the house and the granny flat and then you know, go principal and interest on a 25 year loan on the repayments. And then as the rent increases on the property over the course of the next 15 years, you use all of those rental increases, the pay down debt and then hug. You get your tax benefit from owning the property and the granny flat because the granny flats brand new. There’s good depreciation in it and you get that two grand back from the government and you pay down debt.
And then I think you said if you just kicked in a hundred bucks a week on top of that. so all of those other things, you don’t have to touch your own back pocket, but just paying that extra hundred bucks per week on top of the principle and interest repayments and would cut the. And again, this isn’t advice, this isn’t like, you know, 100 percent perfect for every person because property prices, darien rents, fairing in different areas, but I think you said that it will cut it down from something like 25 years to maybe 20 or even 15 years just doing that, you know, who can’t afford an extra hundred bucks per week over a 15 year period to actually own the property outright. I just, that idea blew me away and I haven’t modeled it enough to know if there’s a 100 percent truth there. But that’s really, really interesting to just think about it that way.
It will even just the idea that rents tend to go up over time. If you’re buying high quality property in a high quality area that’s becoming more desirable over time. Plus you’ve got inflation. So money’s becoming less value valuable. And so if rents are going up over time, as you make those rent increases of $20 per week or $10 per week, each six months or each year when you get that extra money, you use that extra money to pay down your debt faster. So rather than taking the extra money and spending it, you take that money and use it to pay down debt faster. So that’s just another way to accelerate the growth of it. Another idea to accelerate it is through the use of cashflow. So you could buy another high cashflow property, another foundation or property, and then use the extra income from that if it’s positive cashflow to then pay down the debt on your other properties faster.
And so what some people could do is that they could pay off one property first and then when that property is paid off, they might want to take the money from that one property and they might want to have partial financial freedom then move to three days a week. Or they might want to pay down that one first and then pay down the second one and then focus on the third. There’s so many different ways you can go about it and it really is up to you what you do. Something that I do want to touch on in this acceleration phase as well is that acceleration phase can be you focusing on paying down the debt faster to achieve financial freedom as quickly as possible or acceleration phase can actually be accelerating, but the happiness in Your life and so you’ve now got this foundational properties, so your foundations for financial freedom and so you could focus on making more money to pay it off.
Or you know thAt you’re going to achieve financial freedom in the future. These properties are going to pay for themselves so you can now quit that job that you absolutely hate, that is ruining your life and you can then go and work in a job that you love. Knowing that, yeah, I need to earn enough money to pay my rent or to pay my principal place of residence. You know, I need enough to pay for food and stuff like that, but you know you’re going to get financial freedom in the future and so you don’t need to own excessive amounts. You don’t need to worry about that, so you kind of, even though you’re not financially free, you can feel free to make choices that are gonna, make you happier. Even if it means they’re not. They’re financially best decisions, if that makes sense.
I absolutely love these [inaudible]. You remember when we were all starting out, our trees were starting off before we have debt, before we had families, before we have any like reality about, I suppose all of the stuff that gets shoved down our shoulders around like responsibility and accountability and needing certain level of cashflow, justice, sustain ourselves and at that stage of our life we take opportunities, we retrain ourselves. We take pay cuts to, you know, leverage up in the future. We chase or we should be chasing happiness first at that stage in our life. Hopefully. I know there’s a lot of people that don’t have that opportunity, but for those lucky enough to have been able to jump around early, there’s power In that and I think what setting yourself up for financial freedom and knowing that 25 years, worst case scenario, you could be there if you pay the principle and interest off means that you know, you can take a massive pay cut, retrain myself in something you love and if you’re doing something that you love every day, not only is it bringing happiness but genuinely it also brings you, you know, financial wellbeing as well because you’re prepared to persist longer.
You’ve got the discipline and you prepared to go further than the average person because you’re invested in it. Not just logically but emotionally as well. And when you’re showing up in that way, it completely transformed stuff. So I think that’s one of the biggest things of this strategy. Like the idea that you can, you know, go out and achieve this in a one to three year period of time in terms of building your foundation and then you get the next 13 to 25 years to just have fun, enjoy yourself and go back to that state where you don’t have to live in fear anymore. And I think that’s super powerful, man.
yeah. And I think each person’s different and so like even me and ben is so different. I feel like we went to, if I was to collect my foundational properties then I wouldn’t worry about paying them off super quick. I would go and enjoy my life and have a worse job that I love, but with a lower level of income. And then ben would probably be the side where he’s
accumulated the foundational properties, know like work, like a dog and pay them off in three years or something. And that’s exactly what would happened. But that’s different. But it’s the perfect example of how different people can approach this in different ways and can take their acceleration, that phase of their investment. They can approach it differently. So I would, yeah, we’re just very, very different.
That’s why, that’s why it works, man. And I think that’s really, really, really good point. Like you get to choose an acceleration, how hard do you want to go? and I’ve talked to a couple yesterday that were in the office. I’m the guy said basically I want to speed it up and my brain’s already like, he’s like, I love puzzles and he’s like, this is a puzzle for me now and I get to figure it out. And his wife’s like, I love the fact that I can cut back at work in sort of 12 months once you’ve gone through this and I can spend more time with our three kids and you know, that’s, that’s a good relationship because you know, there’s a balance there as well.
Yup. And so that kind of covers the acceleration phase and make sense, as ben said, acceleration, it’s all about the puzzle and putting it together as to how can I accelerate and pay off these properties as quickly as possible? Or the flip side of that, obviously rather than focusing on the puzzle of paying off your properties faster, is the puzzle of, okay, well how can I live happier now because I don’t have to worry about my retirement and financial freedom in the future because it’s going to happen. So that’s the acceleration phase. And then phase three is the freedom phase and this is once you’ve paid off those foundational properties, you can then take the income that those properties are generating that you’re using to pay down debt and you can now put that into your bank account, put that into your pocket, start spending that money and living financial freedom.
And I love that. Like for me, financial freedom is nothing but choices is not going to make you any happier and more fulfilled. You know, it’s not gonna help you achieve anything that you can already shaving your life now. But man, having choices is pretty kick ass. Yeah. I don’t know. I’m a simple person man. So my day to day life is pretty much like I’d be letting it if I was or wasn’t financially free person they like, but I suppose for some people having an extra hundred k a year of income without avenue k to work his would be a, you know, just an absolute game changing their day to day lifestyle because maybe they would take six months or 12 months and do nothing except travel, you know, buy our stuff or whatever people didn’t want to do
totally. And everyone’s different. I’m kind of a mix of the two. I still work in the same job, will run the same business that I was running before and I still put my time into it. I still put creativity into it and I love it. But on my personal life side of things and the time I spend with my family and my friends and stuff like that has drastically changed since becoming financially free because of those choices to work at different times or to live life differently. Like in a perfect examples at the moment, my is in sydney because my sister in law has had a baby so she’s helping her out so I’m solo daddying it all of this week and the kids are on school holidays and so me and my wife, we work in the business together so we worked really hard in the week leading up to her, going away to help her sister and then this week neither of us are working.
Well I’m recording these videos with you, but. But that’s about it. And so we had that freedom and that flexibility to be able to do that that are now at the beach every day with my kids and she’s in sydney helping her sister because we have that freedom. So I did do a video on what financial freedom felt like for me, which again, I’ll link up down below, which is a pretty interesting video. But Yeah, freedom is not click your fingers and you’ll magically happy. But as ben said, it gives you choices to explore things in life and everyone’s journey is going to be different when they achieve financial freedom. But it’s important to know that financial freedom doesn’t equal happiness, and I feel like there’s a lot of content out there. There’s a lot of courses, a lot of people think that once they’re financially free and they’re well off and they don’t have to work, then now automatically be happy.
But it’s good to know that there is a whole journey. Once you achieve financial freedom, to go through a, to find your happiness and to find what you want to do in life and to pursue all these different random things that you think, oh, this might make me happy, and then you’re like, no, that didn’t make me happy. This might. No, that didn’t. And so freedom is the other really fun time to explore who you are, explore what you love, try different things, start businesses, whatever it may be. And I want to just focus on a point, ben, that once you reach this freedom phase, that’s not it financially. So when you’re in the foundation phase and you’re doing two properties to financial freedom and getting that baseline financial freedom, you might go through these three stages, ended up at freedom and then you’re like, okay, well I now want to earn more money or I want to have more foundational property so you can go back to the foundation phase again and you can buy more properties again, or we can jump around these phases while you’re at it, if that makes sense.
It makes complete sense because before I knew that this was a thing I’d done it. So, you know, four and a half or two years ago, you made me realize that I was financially free at least in terms of my parents live living costs in my life. And I came out of that, you know, left work or was asked to leave work and then started my own business. Um, and so jumped into my own business and then decided that, you know, as a 28 year old I had a lot more left in me and went through like that second phase which put me in a worse financial position on paper in terms of more debt, less cash flow each week, but a much, much better position of where I’ll be in sort of three to five years from now. So I went through that first stage of foundation consolidated or not so much consolidated but sort of um, you know, realized what I wanted to do or acceleration, I suppose we could call it accelerated and then have decided to go through another phase from there.
and I think, you know, wherever you’re at in your journey, some people are going to be more than happy with 50 to 100 k per year in passive income. But you know, at different stages of your life you need a little bit more income to survive as well. You know, with three kids at private school in a couple of years, probably for both of us, our cost of living is going to be significantly more expensive than it will be after the kids leave the nest and all that other stuff, so I’m just factoring all of those things in and as I’ve learned more decided that I want to go a tiny bit further, but not at the expense of the things that you talked about, which is those underlying choices and actually enjoying the journey and being fulfilled all the way through.
Yeah. Well once you reached this freedom phase and you have that baseline level of financial income, whether it be 50, k, 75 k, 100 k per year sort of level, you can then like let’s say you quit your job. You’ve then got all the time, every single day to do what you want and you can choose to be happy with a lower level of income. Which means that you can’t go to the Maldives every, every month for a week because that’s expensive. You don’t have every choice available to you, but you could also get to that point and think, okay, now I actually want to earn more income because I want something else in my life that’s worth working for. But because you’ve got that security, because you’ve got that financial freedom, you don’t need to go and work in a job that you hate. In order to make that money.
You’ve got the freedom to say what’s. What’s the trade off here and what’s worth it? What am I willing to work on to make extra money and what am I not? And because for so many people, they go to a job that they hate because they feel like they don’t have a choice. Whereas when you’re in this freedom phase, you don’t need a job. You can get by and you can live a happy life without a job. But if you want to accelerate that, you want to start a business or have a job. You can take your time and you can choose a job that you love and that you’re passionate about and if you get into it and it doesn’t work out, then you can quit and then you can find something else because you’ve got that money behind you. So freedom is really exciting. It’s not the end, it’s really just a new beginning and it’s up to you what you decide to do from there. so yeah,
I love that. Bryan, you wrapped that up absolutely perfectly in like, it’s about you picking your own adventure at the start of this journey. And then if you get to the second phase, which is your lifestyle phase, then you know, picking in new advanced. So once you get to that point as well, and on a daily basis, just pivoting towards your ultimate contentment and happiness type thing.
Yup. And so to close it off and to summarize for you guys the three phases of property investing. the first phase is that foundational phase where we’re acquiring those high quality long term properties that are going to deliver us good cashflow and that once they’re paid off, we will be financially free through living off the rental income of those properties. That’s phase number one, the foundation phase. Phase number two is acceleration. What we focus on, how can we pay off the debt on these properties faster so that we achieve financial freedom faster or alternatively an acceleration phase. You might be happy with the knowledge that you will achieve financial freedom in the future and so you focus on your own happiness in life and doing things differently because you don’t need to worry about that. So that’s phase two acceleration, and then phase three is the freedom phase where you’re now free to make choices, do what you want, quit your job, travel, or maybe you want to build up more wealth and you want to go again, invest in properties again.
Now that you’ve got all this experience behind you and the security of your foundational property. So that’s the three phases to property investing. We hope this gives you a really good framework to work with if you’re like, okay, yeah, this sounds really good. I’m into this. I want to do it, but I need some help getting started than ben and simon and the team over at pumped on property. A offering free strategy sessions to listeners have on property, so that’s you. If you’re into their strategy, if you’re into these three phases but you want to talk to someone about it, talk to them about your situation, where you want to be, how to get there. Then that free strategy sessions are great starting tool for so many people, so go to on-property dot com, forward slash session, and you can check out that free strategy session over there and book a time that suits you. I’ve, I’ve listened in on some of the strategy sessions. Been an absolute blast and it’s so cool to see people come out the other end with the next steps that they need to take and a clear strategy and then obviously if you want to hire pumped on property to help you buy these properties, you can, but there’s no pressure there. So again, that’s on property.com.eu/session. If you’re interested in that free strategy session. Is there anything else that you wanted to say to people before we close off? Ben,
I think I just wanted to finish on. It’s possible to do this. Like the reason these strategies being created wasn’t for people owning half a million bucks a year or running a business or really sophisticated investors. This was for people like me and you and my family and my friends so that they don’t have to be on the pension in the future so that they have choices in their life earlier in their life so that they can explore what they enjoy and love doing over the course of their life or they’ve still got a fire inside of them. So I love this strategy. If you’re in a position where you’re owning, you know, just getting started and you’re owning 100 k per year combined as a family or even significantly less than that as an individual, this strategy still make sense. Like if you’ve got a little bit of a deposit or some equity, it makes sense to actually be able to take a step forward without overdoing it.
It’s, we’re not talking about 10 or 15 or 20 properties over a lifetime to get free and taking on heaps of debt and risk. I wish I had actually heard about this when I got started because it would’ve made life way, way, way simpler for me personally and I think, you know, I love the fact that this is achievable for the average mom, dad, and hopefully 30 years from now you and I can be lost and having to be and go, man, we helped 2000, 3000 people will all the way through this journey and actually achieve a much, much better life for themselves and their family and laurel catching up together. Yeah.
I just got goosebumps when you were talking about that. It’s so. It’s so exciting and so if you guys haven’t checked it out, please check out our video on two properties to financial freedom, the full rundown of the strategy go to on-property dot com.eu four slash five. oh, eight. In order to check out that video. And also don’t forget to subscribe to the channel as we got new episodes coming out every single week. Day. Thanks so much to ben for coming on today. Thank You guys for choosing tuning in and until next time, stay positive.