How I'll retire on $200,000 a year
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.
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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?
Join @philliptarrant 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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