Why we say property “portfolio”
It may seem like an ambiguous term to use but portfolio is the way we describe two or more properties that you are currently controlling, managing or owning for profit.
The fact it is two or more properties means we can mean a specific number or in fact any number. Certainly for my many portfolio clients when we speak of a portfolio we have a goal of 10 properties. This is a token figure that if you achieved you have most certainly provided a pension for you retirement.
Realistically as long as you can get 3 plus 1 without mortgages you can safely retire with a roof over your head and an income stream that is all indexed to inflation. (I explain this in detail in Brett’s 3 plus 1 strategy)
Any additional properties is all about lifestyle. The more properties the more enhanced your lifestyle will be.
In truth we always aim for 10 or more but our first goal for the portfolio is 1 or 2 properties if you are not a seasoned investor. The reasons behind this are emotional. We need to mentally and emotionally prepare you for a portfolio.
So the only real question is how many properties would you like to have in your portfolio?
