by Sanjeev Sah | Nov 26, 2024 | Market Updates

If you are a first-time investor, you know that buying your first property is exciting. But, to make the move from being a single property owner to building a portfolio, your mindset has to be right. 

That means broadening your views to develop a long-term strategy that takes into account your current and future plans. 

Start by setting realistic investment goals. This means reviewing your current and projected income, savings and borrowing capacity. 

Next, work out how tolerant you are to risk. Your investment strategy must align with your risk profile. 

Finally, surround yourself with seasoned experts. This can include an experienced financial adviser, mortgage broker and buyer’s agent. They will help you identify opportunities, assess your financial situation and long-term goals, and secure the right loan structure.