Michael Bentley, Author of "The Non-Resident's Guide to Australian Property" and "Build a Portfolio of Four Properties from One Initial Deposit -and Retire" (www.buy4properties.com)
Also the author of "Fix Your back in 5 Minutes Flat" (www.yourbackfixed.com)
How to Build a Portfolio of Four properties , and retire on Four Australian properties.
HOW IS IT DONE?
Many, many years ago I told my old flatmate (who was a South African living in Hong Kong) that a person “only needed four Aussie flats to be able to completely retire.”
He asked me what I meant, and I said:
“One to pay the mortgage. One to pay the tax. And two flats to live off the rental income.”
At the time I was only half serious, but it sounded good! The specific reason that I remembered this is because my friend recently reminded me of this.
“You were right. What you said all those years ago. That’s exactly what I’ve done, and I’ve retired.”
Over the years, I’ve refined this simple philosophy, and produced a system that will not only take care of most of the tax, but can pretty much guarantee an income for life of over USD$100K from this property strategy, tax free.