With anything you do of importance in life, it is far better to understand what you need to do before you try and do it. Without hope and goals, we merely exist, there is nothing to strive for or look forward to. Having a goal gives direction and purpose in life, be it a small or big goal, short term or long term.
Property is no different. You must first start with a goal in mind, a tangible income goal, the income figure in retirement you would like to aim toward achieving could be $40,000 or $200,000 pa; what matters is that the figure is right for you. Once you have a goal you will need to work backwards and knowing what you want and need in your retirement, it is easier to establish a plan of action.
I believe you must engage a Buyers Agent with every property purchase, Using a Buyers Agents/Buyers Advocate and Property Advisor is key to more property investment success. These are extracts from my latest book “The Australia Property Investment Handbook 2018-2019”. In all good book stores now. Also Read Property Finance Made Simple and Property Investing Made Simple.