Creating Generational Wealth Through Property

Yes it really true to create generational wealth through property. It is not how much you make….it is how much you can keep after taxes and invest in property that compounds over long periods of time. Try to spend much less than what you make. There are high earners living paycheck-to-paycheck that have no financial protection at all. If they lose their job they are screwed. Our family always leaves alot of liquidity for emergencies….there are some that suggest to cover 3-6 months’ minimum mandatory expenses.

Once you cover your minimum mandatory expenses with income from your work, you have reached financial security. There after you should invest long term in property with low leverage. You build financial security by investing in income-producing assets. Primarily we like Professional HMOs, Social HMOs that are on long term leases with no voids…no management and maintenance covered.

Once you achieve income from your investments. Then a nice size portion of your income can go towards even more investments. Sounds like Monopoly….but it is the way to generational wealth.

If you own more than a handful of rental properties, you might want to think about starting your own management company & building a team in order to find more Professional HMOs or Buy to lets. Like pieces of the puzzle…slowly over time….low leverage you can create generational wealth.