Buying an investment property is a great way to diversify your assets and can provide income or growth over the long term but it is still an investment and as such you will need to do your homework. Unlike some other asset classes, there are generally higher transactions costs to enter and exit this asset class and this needs to be taken into account in order to determine the appropriateness of the investment. There are pros and cons buying an investment property but proper analysis will help you determine if this is the best strategy for you.
Things you might consider:
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