My Mid-Term Investment Strategy
We have been conditioned to believe that the old “buy and hold” strategy for 25 years with break even cash flow is the only way.
Don’t get me wrong -- I believe in the “buy and hold” strategy. It’s time tested and proven that it does work.
However, I don’t believe you should put ALL your efforts into just ONE LONG TERM strategy.
Why?
Because, then you have to WAIT for 25 YEARS before you get to enjoy life.
That’s not right.
My perspective is this.
Buy some long term hold properties as soon as you can. 4-5 is plenty.
That should at least more than replace your income in retirement.
Here’s how you know.
Add up the gross rent on all your rental properties.
Then take 70% of it. If that number is equal to or greater than your current income, then you don’t need any more long term rentals. You’ll be fine in 25 years.
Then while you are waiting for your tenants to pay off your property, build your cash flow with a mid term strategy so that you can change careers, take holidays, buy a new car, put your kids through school. …and yes, have a life!
The way to achieve this is through Lease Option Investing.
If you want to learn more about Lease Options watch this video:
This is just a 90 second snippet from my last Live Training.
If you want to learn this in a “hands-on” setting and interact with myself and other like minded investors and have some fun doing it; then I invite you to “test drive” my Live Training in October .
That should give you lots of time to plan. Just don’t plan too long as all our Live Trainings SELL OUT every time.
And, they sell out faster and faster every time I put one on as more people hear about it. So, don’t wait too long.
The people who could not get in last time have already registered for our October event so, seats are being taken already!
Check out my Live Training »
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Comments
I must say this is a great article i enjoyed reading it keep the good work
Nice writing. You are on my RSS reader now so I can read more from you down the road.
Allen Taylor
Paul, do you ever have any live training in Southern Ontario?
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