Investing in a rental property is likely to be one of the biggest decisions you’ll make in your life – right up there with purchasing your first home. While a getting a rental property is a huge investment, it can also provide a great additional income for you and your family – but only when done correctly.

Unfortunately, not everyone is fit to handle the process of buying and renting out a property – so if you don’t have confidence in doing it, don’t start the process! Investing a lot of money into a property without knowing much about it can end up costing you lots of money in the long run.

For those who want to invest in a rental property but need some assistance, this guide is for you! In thisĀ Investment Property Guide, we talk about the basics that you need to know to go about the process. Also, there is the additional option of hiring a local property consultant for professional advice and guidance on purchasing your first rental property.