Tip – Start with a lower priced property.
It is much easier for a lower priced property to increase in value by say 10% than a more expensive property. Lets say you buy a property for $250,000 – you paint, polish the floor boards, tart up the kitchen, a little landscaping and you have added at least the cost of the work to the value of the property and likely more. You only need the value to increase to $275,000 and you have a 10% capital growth. It is much harder to have a higher price property increase by that amount. ($1 million property will need to increase by $100,000.)