Daniel Duffield often shares his advice about property investing with his 441,000 followers on Instagram. In ones of his latest posts, he shared what he called a “simple plan” about how simple saving and investing in property can set you up for the future
Some people may have enjoyed a lot of time off over the festive season and realise that they’re not exactly thrilled about having to return to their job. If that’s you, then listen up as one property investor has shared how you can leave your job in five years with a £35-a-day method.
Daniel Duffield, who runs a property investing service, often shares his advice about property investing with his 441,000 followers on Instagram. In ones of his latest posts, he shared what he called a “simple plan” about how simple saving and investing in property can set you up for the future.
The property expert first recommended saving up £35 a day for two years, saying you would have £25,550 by the end of that time period. Then he said you should buy an £80,000 buy to let and rent it out for £600 a month.
Daniel suggested continuing to save and buy another £80,000 property two years later and rent it out again.
By year five, he said you should use the equity from house one to buy house three.
“Rates will decrease, rent will increase,” he said. “You’re making £1,200 a month using very little of your time and now you have options.”
Following up in the caption, Daniel wrote: “Here’s a simple plan. A few well-chosen rental properties can put you in a position where your mortgage and bills are covered, and once that happens, life completely changes.
“When your essentials are paid for, the world really does open up.”
He also made sure to explain though that returns are not guaranteed and depend on market conditions, property performance, and other factors. “This is for informational purposes only and does not constitute financial advice,” he said. “Past performance does not indicate future results.”
Despite the post racking up more than 2,500 likes, there were also much criticism about the amount Daniel suggested people should save.
One person wrote: “Who has almost a £1000 pounds they can save a month?”
While another added: “A grand per month savings? If my job could allow to save a grand per month id be doing just fine.”
Others also scolded those who used properties as investments, writing: “Be good if we saw houses as a place to live rather than a money-making business.”
However, someone else wrote: “I do this, it works.”
