On Property Podcast

Exploring The Financial Freedom Foundation Strategy

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Sinopsis

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode In this episode I sit down with Ben Everingham and we explore the Financial Freedom Foundation strategy (to be renamed) and what our thoughts are about it. This is really raw and fresh for us so it's a very candid look into our thought process. Book a free strategy session to secure your financial freedom foundation For those of you wanting the outline of this strategy without watching the video here are the basics: You purchase 2 properties valued at approximately $400,000 that rent for approximately $400-$420/week You build 1 granny flat on EACH of those properties. This will cost around $110,000 and should rent for around $280-$300/week Your properties are now cash flow neutral or positive You have a Principal and Interest loan over approximately 25 years The properties will now go on to pay themselves off. In 25 years when they are paid off you use the cash flow from the rental income to be