podcast

How I'll retire on $200,000 a year

By Staff Reporter
1

This week on The Smart Property Investment Show we are joined by Mitchell Burge – an investor with 12 properties who has gone to incredible lengths in order to play it safe. 

Mitchell has a loan-to-value ratio hovering around the 58 per cent mark – conservative figures by any measure.

No more than two of his 12 investment properties are with one bank, and he owes no more than $900,000 with any lender.

Australia has some of the most resilient banks in the world, so why is Mitchell being so cautious? And will his strategy backfire when it comes to future portfolio growth?

That’s not all.

The 32-year-old’s air conditioning business is profitable, and his portfolio is neutrally geared and set to deliver massive future returns, but he still chooses to draw the same salary as he did five years ago – preferring instead to keep the extra earnings for a rainy day.

What’s his end game – and is playing it safe the smart move, or is Mitchell’s strategy overkill in the current interest rate environment?

[email protected] and Sterling Publishing's group publisher Alex Whitlock as they chat to Mitchell about all things finance. 

All this and more coming up on this episode of The Smart Property Investment Show. 

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The Smart Property Investment Show gives you insight, strategies and tactics that every property investor can use.

In each episode, the Smart Property Investment team and its special guests will break down what's happening in the world of property investment, how it affects everyday property investors and how they can take advantage of it.

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Listen to other instalments of The Smart Property Investment Show:
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
Episode 64: How this investor learned from a property blunder
Episode 63: Q&A session: the SPI team answers your questions
Episode 62: Property procrastination: the importance of finding help
Episode 61: The ins and outs of strata: what buyers should consider
Episode 60: The pros of using a buyer's agent: why this investor brought someone in
Episode 59: How to invest in property as a team: two investors share their secrets
Episode 58: When do you stop investing? The SPI Show answers more listener questions
Episode 57: Wealth creation through property: trends and themes to think about in 2017
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