You’ve probably hear me quote that most real estate investors never get past their second property and that’s why I consider they’ve failed in their investment objectives.
You’ll never become financially independent with one or two properties.
These stats were confirmed by Cameron Kusher from RPData where he reported that:
According to the ATO data, 72.8% of individuals that owned an investment property owned just one. Meanwhile, 18.9% of individuals owned 2 properties while just 0.9% of individuals owned 6 or more.
Interestingly 1,213,595 of these individuals, or two out of every three investors, were negatively geared and reported a loss on their rental income.
The bottom line is…
If you listen to who everyone else listens to and if you do what every one else does with regard to property investment, you’ll get the same results as everyone else gets.
That’s why I select those who blog on my Property Update site carefully. They are all successful real estate investors who’ve built their own substantial property portfolios