Property Investment Goals: How Much Monthly Income Do You Need?

One of the questions I ask people who attend my events is ‘Why are you here?’  The most common answer is “To learn how to make more money”, but that’s never the real ‘Why’.

Money is a means to an end, not an end in itself.  When you dig deeper, it’s what that money can do for you that is the real reason.

Do you see yourself being in property in five years’ time?  In ten or twenty years?  If you’re serious, the answer is probably ‘yes’.  It’s a big commitment to make for it to be a short-term investment, in both cash and time.

The surface level reasons for making more money people talk about are nicer houses, luxury cars, more and better holidays and a whole lot of other lifestyle enhancements.  But dig even deeper and the core reason is family. 

Whether it’s to support older members or to give the next generation the education and life you’d like them to have, it’s about looking after the people you love.

So, looking forward 30 or 40 years, what you’re creating is a legacy for your family, for the next generations.

How much is enough?

What monthly income would you need to make the changes to your life that you want to?

Are you aiming to leave the day job or are you doing something you like and you see property as a part-time means of topping up your income?  It’s the comfort zone.

An additional £3-5K a month will get you out of your day job – for most people.  This is where you attain freedom.

£10K a month is the point where it gets inspirational!  What could you achieve with that amount of extra income?

Let’s talk about lifetime value, what would certain knowledge gained allow you to create and what would creating that be worth over the time you plan to spend doing property, whichever way doing it works for you?

• £3K a month is £36K a year, £360K in ten years, £720K in 20 years – and in 40 years £1.4 million plus.
• £5K a month is £60K a year, £600 in ten years, £1.2 million in 20 years and £2.4 million over 40 years.
• £10K a month is £120K a year, £1.2 million in ten years, £2.4 million in 20 years – and in 40 years nearly £5 million.

And that’s without increases in rental and sales prices and assuming that you stop at that point and don’t continue to grow your portfolio!  The real figures will almost certainly be much higher as time passes.

What is your figure?

If you really do want to escape the rat race and go into property full-time, you need an achievable and realistic route to that goal. Of, if what you do for a day job fulfils you to a degree, but its just too demanding and you want to be able to scale it back so that you still get the enjoyment it gives you but it no longer dominates your life, you still need that achievable and realistic route.

A passion for property

The problem with property is that there are more tales of doom and destruction than there are of stellar success.  It’s easy to make mistakes – and there are plenty of property training programmes that don’t give you enough to really make a difference.

And, of course, there are the people who think it’s some kind of magic spell that will work with virtually no effort at all.

Let’s be real here, success requires an investment of dedication and time as well as money – and you need to stick at it.

However, if you know the secrets of intelligent financing, you have the potential to grow your portfolio far faster than most investors – and with even a modest cash pot, you can get started.  If you know how you can buy multiple properties in a short time – without locking all your capital into one deal at a time.

Here is the proof of what is possible – these are people who have completed my Ninja training and applied what they’ve learned.

Harpreet:

“I thought I needed big bucks, much more cash than I had to start in property.  I was doing the same as everyone else and not getting far – it seemed too difficult.”

Now he buys problem properties with bigger profit potential and has made £400,000+ clear profit from flipping more than 20 properties at auction.  He’s reinvested these profits into his portfolio and his investments are now making £3,400 a month.

Steve:

“I was experienced in flips, but lacked knowledge of how to scale up to larger, more profitable projects.”

Steve now owns 8 flats and 2 shops that provide a monthly income of £5,000+ a month.  He’s now added to serviced accommodation units that generate an annual income of £30K, plus more than £400K profit from multiple flips and other projects.

Dan:

“I bought property training, but turned out they were very unethical – and they referred me to an equally unethical finance broker.  It was a very expensive lesson about who to trust.”

Dan signed up for the Ninja Investor Programme, despite having been burned and he says “I’ve been able to recycle my money through various deals, built a £1.1 million portfolio with £7K p.m. income plus.  I will do 4 flips this year.

“This is all down to Kevin’s teachings – I feel Kevin genuinely wants each of us to succeed.”

Becky & Dominic

“Our biggest challenge was that, after several years of investing in property, we had built our portfolio to £350K – pretty good we thought.  We wanted to step it up, but how?”

Since completing the Ninja training Becky and Dominic learned to leverage finance and opportunities they didn’t even realise were possible.  “With Kevin’s training and fantastic support we systematically built our portfolio to £1.8 million and a monthly income of £15K.”

These are just a few of the success stories.  Was it effortless?  No, they all worked hard to achieve their goals – but they are not alone.  There are dozens of success stories and many of them are in the Ninja 100 Club – for those investors who have made £100K+ in profit from applying their training.

They were all clear on their ‘Why’ – and they’re each creating their own legacy.