I believe the most important consequence of getting that first (good) property out of the way is MOMENTUM. With sound financial intelligence that good property will provide you with opportunity to then buy your second property in the not to distant future. Then you have 2 properties which can buy you 4 more properties and so on. It’s just MOMENTUM.

But the it has to start somewhere so make it start NOW!!

My first property paid for the entire acquisition of my second property. Whilst this is not always encouraged as my loan was 103% of my purchase price. The property is strong enough in rental yield to carry this difference. Now in less than 1 year. The value of that 2nd property is 50% more than I paid for it. (And after the end of the so called boom) Remember i didn’t contribute more than 10cents to the purchase of this property. It was all from the equity gained in the couple of years after buying my first property. For you math mathmeticians, what is the ROI??