I am 29M. Owner of 3 properties in NZ totalling approx 1.7M in value. I have a 1M dollar mortgage on a 30 year term. I rent all 3 properties out, they cover there own expenses entirely with a small amount of cash flow left for maintenance. I work full time for a 90k gross salary. I can currently save about 50k per year. I recently sold off all assets to put into investing in my most recent third property so am lacking diversification however they were just not returning me the same as my housing. I have no savings left outside of my work funded retirement scheme.
I am nervous to buy a 4th property due to lack of diversification, I am wary to commit to the long time frames required in other investment options such as shares. The whole reason I work so hard and live so frugally is so I don't have to work a 50hr week through to age 65. Just like everyone else I'm looking for the quick and easy route. I'm aware that get rich quick schemes usually do not exist or have high risk involved.
I'm looking for my next move to get me closer to financial freedom. I would like to be able to work less than a 20hr week by age 40.
I am considering building a motel on one of my sites to perhaps increase my returns.
I am still open to justified investment in slow burners such as minerals, shares and bonds.
Really I just need help on chosing my direction, I like to have a plan but currently feel a bit lost in these unique times.
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