Purchase property or travel
I am 25 and currently working as a software engineer, Im at a bit of a crossroads at the moment choosing to either invest in a property or travel. I have a relatively small deposit of 50k and am earning 90k at the moment so I will probably have to save a while longer anyway before I can even purchase anything
Option 1: Travel for an extended period of time (1 year). This is something I've always wanted to do as I never took a gap year and have been grinding all the way through highschool, into uni and now working. Downside of this is that Ill deplete my savings massively and property prices will only keep rising.
Option 2: Invest in a property and probably become tied down to a location and unable to travel.
Has anyone had any success with both, is it possible to lease the property and almost cover mortgage payments and manage tenants from overseas or is this a pipe dream?