I've broken this down before for the low iqers.
If you have a property. It can have the capacity to house say 3 different tenant, usually asian uni students. ~4 year tenancy periods.
Your taxes, mortgage, upkeep etc say equal 500$ per week...and you rent those spaces out indivdually for 250$ per week. That means you are making 750$ per week. Less the 500 for upkeep/mortage = 250$
This is called positively gearing a property.
You buy a 2nd property....its upkeep is 400$ per week...you put that 250$ left over on to that.
You are iut of your own income then paying 150$ per week to own and pay off 2 properties.
IT. IS. NOT. ROCKET. SCIENCE.
You just have to be 1. Intelligent enough to be employable 2. Have the brass to do it.
Or you be a dumb dumb and pay 500$ out of your income per week to pay off 1 property.
Some people buy 2-3 properties than go rent a room themselves and have all 2-3 pay themselves off for 10 years them roll both in to one house and not have a mortgage for the rest of their life.
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