THE PROPERTY NERDS: Maximising your income potential
Description
While new investors often think they need more properties to maximise their future incomes, Arjun and Jack urge them first to clarify their vision of financial freedom and invest in properties that align with their long-term goals.
In this episode of The Property Nerds, co-hosts Arjun Paliwal from InvestorKit and Jack Fouracre from Fouracre Financial discuss the importance of strategy planning rather than simply buying more and more properties when building a portfolio.
While he knows that thinking ahead can be daunting, Arjun advocates for a 20-plus-year strategy to ensure investors have a portfolio that will suit their retirement spending. This includes the need to understand one’s retirement needs and planning ahead.
The duo then shift towards “trading up” assets, which involves moving from residential to commercial properties to maximise the rental yields and, subsequently, the investors’ income potential.
United States
