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yup, thats why its called a rule of thumb. If you had 4 unencumbered investment properties there may be enough income to cover living expenses and a new mortgage, just depends on what the actual figures are.

A rule of thumb Jan Somers uses in some of her books is 5 unencumbered regular family homes. If the rent is roughly 25% of an average wage, and 20% (the fifth property) is used for costs such as repairs rates etc, then this is enough to replace an average wage. So theres the trick, 5 paid...