If the answer is yes, then it is important that you know what your current situation is and what your investing goals are.
How much do you have to invest? What returns do you want to achieve (weekly rent)? What area? What type of tenants will the property attract?
What construction type are you looking for in a property that may impact on future maintenance? Do you want to minimise your tax? How many bedrooms? What features will attract tenants to your property?
Quickly purchasing a property for the sake of adding another property to your portfolio can be one of the biggest financial mistakes people make. It is essential that you know what to look for and that the property/s will step you towards your financial freedom goals. You don't want a portfolio that will impact on your lifestyle (too much).
If you are thinking about buying a property our property management and sales team, here at Century 21 on Duporth, are here to step you through any questions you may have 07 5479 0868.