How to build a property portfolio from scratch

Fancy yourself with two, three, four or more properties to your name?

With plenty of research, the right strategy and a little luck, you might get there.

We take a look at four of the most common property investment styles, and ask the experts what it takes to succeed at each.

Rentvesting – buying an investment property, and renting where you want to live – can be a very successful strategy for both first-timers and existing property owners, says Miranda Mitchell, owner of advisory business Positive Property Results.

“They might decide I’m better renting where I want to be, and maybe owning two investment properties instead.”

Mitchell says this tactic will likely help you grow your portfolio faster than if you were to become an owner-occupier. But if you want to expand that portfolio, keep a lid on the rent you’re paying, warns Mitchell.

read more at: https://www.domain.com.au/advice/how-to-build-a-property-portfolio-from-scratch-20170302-guoucy/

Disclaimer: for information and entertainment purposes only

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