- Impossible is probably the response most people will have
when they see the thumbnail for this video,
but let me show you how, by taking action,
you really can retire in two years by investing
in a certain type of property.
(upbeat music)
Hi, my name's Tony Law from Your First Four Houses,
and I teach people how to build a small property portfolio
that generates a great income for them so they can give
up their day job if they wish because they're now
financially free.
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So for 21 years, I ran a kitchen business where I exchanged
my time for money, but in less than two years,
I managed to replace that kitchen income with a passive,
or relatively passive, rental income, and I want to show you
how you can do exactly the same.
So for this exercise, I'm not gonna assume that you need
10,000 pounds a month to retire and live comfortably.
In fact, depending on where you live in the U.K.,
the average household incomes seems to be somewhere
between 28 to 35,000 pounds a year, although personally,
I might struggle to live on that if I'm being really honest,
so let's just round that up to 42,000 pounds a year
which quite conveniently helps me with the maths
because it means that's 3,500 pounds a month that you need
as a passive rental income.
Now, for some that may seem a little on the low side,
but I think most people could probably retire
and live quite well on that if they're being really honest
if you had no other bills to pay.
So we now have a clear goal.
We need to earn 3,500 pounds a month passively
moving forward, so let's just break this down.
How many rental units does that actually equate to?
Well, it obviously depends on the type of deals
that you're doing and the strategy that you're following.
In fact, to be honest, I've got a property that by itself,
one single property, after all bills have been taken off,
would cover that amount of money, although for transparency,
I've also got other properties that only cashflow a couple
of hundred pounds a month give or take,
and it always surprises me, there are people out there
that have got properties that simply don't cashflow
at all, I just don't understand that, but let's just say,
for the sake of this exercise, that on average,
my property portfolio cashflows about 500 pounds a month
after all bills, so if you wanted to hit 3,500 pounds
a month, how many properties do you need?
Well it's seven, isn't it, nice and simple.
It's seven at 500 pounds a month, but can you acquire
seven properties in two years?
Yes, I know you can.
Maybe in year number one you might do two or three
which will leave you maybe four or five in year number two
as your experience and confidence grows, but I know
that you can do it.
Is it gonna be easy?
No, you're gonna have to put in some massive effort
to hit this target.
You're gonna have to take a tonne of action,
but I know that you can do it, and if you want a list
of 15 tasks that you can do in the next seven days,
check out this video because I'll run you through exactly
what you need to do in order to hit that target.
You see, the thing about property investing that is quite
magical, quite amazing actually, is that you need
to work really, really hard for a couple of years,
and if you do, you can replace your income in its entirety
after just maybe a couple of years of work,
and if I can in some way help you in your journey,
well that would make me very happy.
I recently updated my 50 point checklist that will run you
through all the tasks you need to take
before buying that next investment property.
If you'd like a copy, simply click on the link here
or in the description box below and I'll send it
straight out to you.