Impossible is probably theresponse 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 is 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. 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 I'm going to assume that you need 10,000 pounds a month to retire and live comfortably. In fact, depending on Wherever you live in the U.K., the average household has Incomes seem to be somewhere between 28 and 35,000 pounds.
a year, although personally, I might struggle to live on if I'm being really honest, so let's just round that up. up to 42,000 pounds a year, quite conveniently. helps me with the math because it means that's 3,500. pounds a month that you need as 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 and you have 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, obviously, it does, too.
Well, obviously, it 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, was one single property, after All bills have been taken off; would that amount of money, but for the sake of transparency, I also have other properties. that only cashflows a couple of hundred pounds a month, give or take, and it always surprises me, There are people out there who have properties. that simply don't cash flow 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 If you wanted to hit 3,500 pounds a month, how many properties do you need? Well, it's seven, isn't it? It's 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 with 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 going to have to. put in some massive effort to hit this target. You're gonna have to take a lot of action, but I know that you can do it, and if you want a list of 15 tasks that you can 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 is quite magical and quite amazing. Actually, do you need to work really, really hard? 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 to you.
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