Hi Angie.
You asked a great question that many beginning investors ask (or should ask). The type or types of real estate that you should hold in your portfolio will be very specific to your circumstances, and may change over time. It will depend on your resources (mostly time and money, as well as knowledge and experience) as well as personal preferences. Some people love to work in single family units, while others prefer multi-family. Some people have great success with commercial while others do well with storage units. You will need to determine what you want or need from your real estate portfolio, and what type (and location) of properties best fit your needs.
To help in figuring this out, there is a great book by Peter Kinch, called “The Canadian Real Estate Action Plan” - I found that the methods Peter described in this book to be very helpful in planning a strategy. At the right time, having a good coach will also help you map out a plan.
Good Luck!
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