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I'm a big procrastinator & always think things through alot. I talk myself out of alot of things because of this. I'm learning though that the quicker you do something the less you have doubts or ask yourself this & that, what if & but… Don't get me wrong, you should do your research, that's the easy part, but once you've done your research & your initial gut feeling is "YES" then take a deep breath, ignore whatever else your mind says, & go for it! You procrastinate, you lose. Don't miss the opportunity of a life time because you couldn't decide quick enough.
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Linar wrote:Rowester, if you are serious about getting into property investment and this is the only way you can afford it, then consider getting a quick settlement, move into it, renovate it when you are living in it (difficult, I know, with two kids but not impossible) and then rent it out after six months.
Growing this was half of my life. My parents had 4 sons & quite often, to make things easier in the long run, we'd move in to renovate shifting furniture here & there when we got to that part of the house. I believe it's a good experience for kids & helps them in the future. I mean look at myself, 20yrs old & buying my 3rd property. If you let your children help they won't be one of those spoilt kids who demand everything from their parents because they'll know that working towards something can be rewarding.
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Patriot Soldier, I'm a young investor myself, rather green though I'll admit, but from what I know so far I think you pretty much have everything covered there. Even though I have been through the process a few times myself you've helped me to better understand it all that much more. TY
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Gday mate. I'm just 20 years old & on Friday I settle on my 2nd property (3rd if you count the one I had & sold under my parents name). I find it best if you just go with your gut feeling. My last 2 properties I offered prices that the agents said the owner would never go for. Much to the agents surprise, I got my 2nd property $25,000 cheaper than the asking price & the one that settles on Friday I got about $8,000 less than asking price. It's also good to find out why the owner is selling, sometimes you can use that to your advantage.. Good luck
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