EP64: How many Properties do you need to Retire? with Jordan de Jong

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Jun 12, 2024

Jordan de Jong, a property investor turned proptech GURU, shares insights on how many properties are needed to retire based on varying purchase prices. He discusses scenarios for entry-level investors with $350k purchase price, seasoned investors with $750k purchase price, and more. The podcast also covers integrating a personal property purchase into the portfolio, commercial property investments, and the strategy of buying more than needed. Plus, listeners have a chance to have their property portfolio planned by entering a submission form.

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ANECDOTE

Early Exposure to Property

Jordan de Jong's father was a real estate agent, exposing him to property investment early on.
Inspired by the book "Zero to 350 Properties in 3.5 Years," he aimed for a large portfolio.

ADVICE

Diversify Property Locations

Avoid buying multiple properties in the same location to diversify risk.
Diversifying locations allows leveraging equity from well-performing areas to further invest.

INSIGHT

Overcoming Borrowing Capacity Limits

Borrowing capacity, often limited to six times one's income, can hinder portfolio growth.
Increasing income through business ventures allows overcoming this limitation.

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Welcome back to the Australian Property Investing Podcast Everything Property with your host David Hamilton. On today's episode, Jordan de Jong a property investor turned proptech GURU joins us to run multiple scenarios on how many properties we might need to retire. For this episode we cover:

- Jordan's investment portfolio
- What he did to avoid getting stuck at only a few properties
- How and why he left a 6 figure paying corporate job
- Properties needed to Retire is broken down into 3 categories, these are:
$350,000 purchase price
Targeting entry level investors, with a $60k cash savings deposit
$500,000 purchase price
Targeting more experienced investors, with a $100k cash savings deposit
$750,000 purchase price
Targeting seasoned investors with high incomes, with a $150k cash savings deposit.

In each scenario Jordan explains the pro's, con's, number of properties needed to get to a passive income of $150k and $350k (inflation adjusted)

We also discuss things like:
- How to integrate a PPR purchase into the portfolio
- When does commercial come into play?
- Should you buy more than you need and sell down?
- Plus much more!

TO ENTER to be one of three listeners selected to have their property portfolio planned, enter the submission form below:
https://forms.gle/rjV2HkV7mXhpHE8b6

If you're a business and want to work with Jordy (B2B) checkout the Game Plans website below:
https://www.gameplans.com.au/

Don't forget to check out the summary post on our Instagram we just posted which covers what we discuss in this chat.

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Disclaimer: The topics, conversation, opinions and discussion provided in this episode are general in nature. As a listener you should not take or use the information discussed as financial advice. Everything Property and its associates recommend that you always engage in independent financial advice before making any investment or purchasing decision.