Six mistakes that limit most investors to one or two properties
These are the six common mistakes made by property investors that limit the majority to just one or two properties in their portfolio.
API contributor James Fitzgerald stresses the need for a diversified and cash flow positive property portfolio. (Image source: Shutterstock.com)
Property investment is a great way to grow wealth and finance retirement but the biggest mistake most investors make is to stop at one property.
According to the Australian Bureau of Statistics
, about one in five (21 per cent) Australian households own a residential property other than their usual residence.It says 68.4 per cent of those own just one investment property, 20.3 per cent own two properties, 7.2 per cent own three properties and 4…
