Spot on!
From my perspective if you follow the below...you can build a $3-5m portfolio over 10 years and $7-10m portfolio over 20 years.
Even if you did not pay down the loans..you should have about 50% equity. Like you said sell down whe you don't have much of an income. Super can be the icing on the cake.
Unfortunately....many people don't get here because they overestimate what can achieved in 1-2 years but underestimate what can be achieved in 10-15 years.
Too many want to get rich quick!
From my perspective if you follow the below...you can build a $3-5m portfolio over 10 years and $7-10m portfolio over 20 years.
Even if you did not pay down the loans..you should have about 50% equity. Like you said sell down whe you don't have much of an income. Super can be the icing on the cake.
Unfortunately....many people don't get here because they overestimate what can achieved in 1-2 years but underestimate what can be achieved in 10-15 years.
Too many want to get rich quick!
It seems property investing is the easiest way of wealth creation for the patient and sensible ones. Build a portfolio, hold on to it and pay down debt using the inflation (rents going up). Say a couple buy a 4 or 5 properties and keep them for 25 years. If they are bought with some research and common sense, they will double at least twice in 25 years. Sell one (PPOR to avoid CGT) and move into another one and keep the rest debt-free and live off the rents they give. Any superannuation will be the bonus. Of course this is the laziest way. A bit more aggressive investing will get a bigger portfolio.