Investing in property is considered one of the best ways to build wealth and set up a better future. It is popular because unlike shares it is something that you can see and touch. Here are some insights on how to invest in property with little money 🏠 💵
Property is less volatile than other types of investments, too. But you need to be smart about how you spend your money.
Speak with an LJ Hooker agent in your target area who will be able to provide some information on the local rental market and what type of properties offer the best returns. Consider just how long you are prepared to hold onto the property. You will also need an exit plan should your circumstances changes and need to sell.
In addition to paying off the mortgage, your investment property may require repairs and increased interest on an ongoing basis. Plan ahead and put extra funds aside in your budget should your property become vacant for any period of time. 💰
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