‘I’m 24. Can I build a buy-to-let empire by 40?’

Low-cost tracker funds s

gains made when you sell investment property are subject to tax at 18pc for basic-rate taxpayers and 28pc for higher-rate taxpayers, although you can offset this against your capital gains tax allowance of £12,000 a year.

Some other risks with property investments, such as rental “voids” and poor tenants who do not look after your property, should not be ignored and a contingency fund should be set aside to deal with this possibility.

Property is not a “liquid” investment. The house or flat would need to be sold if you wanted your capital back; this can take time and would depend on market conditions.

I would advise holding this type of investment as part of a bigger portfolio alongside liquid stock market investments. Investing in property requires a commitment to spending time understanding regulations and managing the property, although you can outsource to a letting If you’d like to be considered, please email money@ telegraph.co.uk with the subject line “Give me a Money Makeover” and provide the following information:

Your name, age and telephone number (we will not share this with anyone).

Your main financial goals (in as much detail as possible please), details of any debts (including mortgages) and how you would describe your attitude to investment risk.

Current investments, including cash, property and pensions.

You must be willing to be photographed for the article.