The same is true for “when” – and it's an often-ignored factor that actually cuts to the heart of the most basic of investment decisions.
The same is true for “when” – and it's an often-ignored factor that actually cuts to the heart of the most basic of investment decisions.Tags: Future World English EssayEssays On Drug Testing Welfare RecipientsThesis Statement On Fire PreventionConcession Statement Persuasive EssayEssay Introduction Thesis StatementMarshall Scholarship Why Uk Essay
So now you know where you're starting from, where do you want to end up? And just as importantly, when do you want to have achieved that?
If you save up the rental income for 10 years, you'll be able to buy another batch of properties just like the first – so you'll now have income of £1,666 per month.
If you're happy with that, then you've already got your strategy: buy properties that will give you a 10% ROI, then wait!
You might be surprised by how much thought is involved in answering these questions properly.
It's easy to throw around terms like “enough to fund my lifestyle” and assume that it might involve an income of £10,000 per month, but it's another matter entirely to look honestly at your ideal lifestyle and determine what a genuinely meaningful figure is.