I’ve just purchased (well still going through the process) my first IP over the weekend and am suffering a couple of things:
• Buyers remorse;
• Analysis paralysis.
Buyers Remorse:
• Could I have found a better deal?
• Why did I choose this regional town – believed having done my own research that this was a good idea but having read on this forum maybe not, maybe it’s a little too heated!!!
• Did I pay too much – again believe that I paid roughly market rate but then I DON’T KNOW I’m going insane!!!
• Maybe I should have kept on investing in the share market, I’ve made good money so far, however my investment strategies and life goals lead me to asset diversification.
Analysis paralysis
I reckon after all the research that I’ve done on this town; I know enough to be a tourist guide or a local politician - it all just seems too much. I chose this town on its ability to withstand some hardship i.e. a major industry as well as its general economic condition.
The property – brand double story, three bedroom town house not too far from the city centre. The deprecation aspect and me being in the top bracket might have clouded my judgement, but it just made everything so damn attractive and the numbers kept on coming up trumps.
Am I being too paranoid, is there something that I missed or is this just normal for virgin property investors?
Criticisms, praise and donations are welcomed… an in fact encouraged
Squash
The country vic town is Ballarat
• Buyers remorse;
• Analysis paralysis.
Buyers Remorse:
• Could I have found a better deal?
• Why did I choose this regional town – believed having done my own research that this was a good idea but having read on this forum maybe not, maybe it’s a little too heated!!!
• Did I pay too much – again believe that I paid roughly market rate but then I DON’T KNOW I’m going insane!!!
• Maybe I should have kept on investing in the share market, I’ve made good money so far, however my investment strategies and life goals lead me to asset diversification.
Analysis paralysis
I reckon after all the research that I’ve done on this town; I know enough to be a tourist guide or a local politician - it all just seems too much. I chose this town on its ability to withstand some hardship i.e. a major industry as well as its general economic condition.
The property – brand double story, three bedroom town house not too far from the city centre. The deprecation aspect and me being in the top bracket might have clouded my judgement, but it just made everything so damn attractive and the numbers kept on coming up trumps.
Am I being too paranoid, is there something that I missed or is this just normal for virgin property investors?
Criticisms, praise and donations are welcomed… an in fact encouraged
Squash
The country vic town is Ballarat