Good day all,
I have recently purchased a single bed apartment. This was by no means a bad purchase, but for the price I definitely could have better invested the money in a different property which would yield a better return. Though it's my first purchase and I am learning from it.
I've been trying to educate myself on the general gist of real estate and have noticed there are quite a few tricks to the trade. I'm finding it difficult though to find reliable advice online e.g. youtube videos etc. It seems most of what is suggested points to wholesale or flipping houses etc. Personally I'm not a fan of high risk and am planning to go the route of simply investing in apartments that meet the criteria (preferably new developments, good area, decent price, ideally located etc.) and renting them out. As with my current apartment, I'm planning to save up a decent deposit to bring the interest down - then bring in a tenant asap to cover my monthly repayment to the bank whilst additionally I invest as much of my own money to pay it off as soon as possible. I only plan to invest in this second property as soon as I've payed off my current one which could potentially be another 2 years.
I was wondering if there are any mustachians wise in the art of real estate who could give me advice? I feel like I might be taking the easy and safe route which the masses who are uneducated in real estate are taking. While I mentioned I don't like high risk, I wouldn't want to play it too safe or miss out on potential techniques or strategies that end up costing me time and money. I understand real estate is quite a big thing for most in terms of investment and there's a lot of so called "experts" out there. I'm hoping they didn't give me a false impression that there's a whole lot more to it than I originally thought.
I'm happy to read up and educate myself as much as possible, so if anyone has any links/books etc. to point me to that would be highly appreciated. Otherwise, any tips for someone planning to invest in apartment after apartment - planning to pay to rent?
