Hi Everyone, I am 22 years old and i recently bought a unit which i have tenants paying rent in, I live at home with my parents....what i want to know is how do i get ahead in life? i work fulltime on a very good wage(for my age) and i bought the unit to get ahead in life so i dont have to work till im 70 i have no living expenses becuase my parents pay for everything. i have owned the unit for 10 months now and my savings are starting to build again, should i start to look for my second property? Maybe a house this time?
I am really interested in property investing but i dont know a great deal about how to manage multiple propertys to my biggest advantage.
I hope this thread is clear, basically what i want to know is...in order to become comfortable and get ahead should i be buying as much as i can afford now when im young and have little expenses? Is this how you end up with 10 properties by the time your 40-50 years old?
I am really interested in property investing but i dont know a great deal about how to manage multiple propertys to my biggest advantage.
I hope this thread is clear, basically what i want to know is...in order to become comfortable and get ahead should i be buying as much as i can afford now when im young and have little expenses? Is this how you end up with 10 properties by the time your 40-50 years old?