My husband and I bought our first home at 20 and 21 we sold that and made $40 000 which helped us get into our next much bigger home. We have now decided we want to try and get our first investment property in the next few years.
I Would love some outlooks from those who have investment properties . Do you have more then one, how do you make money in the end if the renters money goes to paying off the mortgage? Do you only make money if you sell the property. I'm just doing research now on negative gearing and all that.
Would love any insights/advice.