Unfortunately, there’s no one-size-fits-all answer.
So many factors and considerations need to come into play as everyone’s situation and finances are different.
This is why a plan, backed by research and a strategy that works for you and your particular needs is key.
However, let’s use the ‘buy and hold’ investment strategy to help give some context.
Most buy and hold investors would usually start small and in residential property.
If they correctly purchased the first property, they could leverage that property and start looking for other deals to fund off the back of it.
After getting the hang of things and going at their own pace, they may then acquire another. Alternatively, if the first purchase wasn’t the best buy or if their circumstances changed, they could sell that property and buy a better property.
Once more than two properties have been bought and a proper, more thorough understanding for property investment has been achieved, they could then look at options for the future.
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This information is of a general nature only and does not take into account your objectives, financial situation or needs. We are not financial, legal or tax advisers. You should seek appropriate professional advice specific to you before acting on this information.
