There is no formula to state how many properties you should or shouldn’t own. It’s down to the individual. Only you can decide how many properties you can comfortably manage. Each property has an element of risk, so it’s down to how much risk you are prepared to take. Just make sure that each property is producing a positive cash flow. I know investors who have over 20 properties but they are so badly managed that they have ceased to become an sound investment. I would rather own one property with a positive cash flow then a 100 with a negative cash flow.
Is it wise to invest abroad, if so where?Yes, most definitely. If investing abroad fits in with your strategy then go for it. Just do the usual due diligence to make sure its a wise investment. I have invested in Dubai and for me it fits into my strategy. I travel to India regularly and usually return via Dubai where I am able to check on my investment regularly. The property has been bought in the Dubai Marina, an affluent area which appeals to both tourists as well as the business community. My research convinced me that it was the right property at the right time in the right location and the currency rate was also in my favour. All this lead to a property purchase below market value in a high rental demand area, its all down to research.