As a ral estate investor, it's important to have you real estate financial freedom plan. Here's a two-step real estate action plan to get you on the road to financial freedom through real estate:

1. Complete the Financial Freedom Planner below. Based on your answers, you can quickly develop a goal that you can

2. Review the 10-Year Retirement Plan that follows the Financial Freedom Planner. Note, for example, that by developing a systematic plan to acquire just one house a year for 10 years, you can create a continuous income stream for life.

REAL ESTATE FINANCIAL FREEDOM PLANNER

To develop your own real estate Financial Freedom Plan, complete the following form to see how many houses you need in order to reach your goal.

1. How much annual income will you need to live the way
you want to at retirement? $______

2. Multiply line 1 by 10 to get the value of the portfolio that is needed to generate your income. This is an old rute of thumb for income-producing real estate.

3. What is the value of your investment portfolio today? $_____

4. Subtract line 3 from line 2 to find out how much of an increase in portfolio value you need in order to meet your goals. $_____

5. How many more years do you want to work for your financial freedom? $_____


6. Divide line 4 by line 5 to arrive at the annual increase needed in your portfolio values. $______


7. What is the value of the average house in your town today? $______

8. Divide line 4 by line 7 to arrive at an estimated number of houses needed to fulfill your goals. $______

 

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