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(metaphorically) itchy feet

Discussion in 'Investor Psychology' started by Jkat, 17th Aug, 2015.

  1. Jkat

    Jkat Well-Known Member

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    Hi all,

    We have been investing for the last 4 years and now have 3x investment properties in our names and one in a SMSF.

    I have been the driving force behind this and while hubby is happy to go along with these ideas he doesn't get itchy feet (or wallet) to buy the next place. For the past year he has been busy starting his own business and it is getting on its feet (slowly, but surely).

    We had a plan to stop investing while he was setting up because we want the buffer should anything happen and investing would eat into our buffer (even temporarily and impact on our SANF).

    As part of that I have stayed off the forums for the last 8 months to avoid seeing great opportunities and getting itchy to buy again.

    How do people overcome the want to buy again?
     
  2. Azazel

    Azazel Well-Known Member

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    Look at my bank balance ;)
    You're right though Jkat, getting on the forums or "just having a look" on realestate.com.au can kick off the itchy feet you mention.
     
  3. Jkat

    Jkat Well-Known Member

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    That's just the problem... I have a nice big refinance just sitting there... waiting. Every time I see it I dream of what I could do with it. lol.

    I've stopped all my realestate notifications and only just getting back on the forums but this feeling is fast approaching. Oh well, guess it will be a wait and see.
     
  4. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Congrats on your portfolio.

    I admit its very hard to stand on the sidelines and watch good deals go by. Nothing will stop me from buying a good deal unless it increases my risk to unacceptable levels.

    If you feel you can afford to get another one whilst still having a good buffer and it meets your risk profile then i don't see any reason to stop. If it doesn't meet your risk profile at this current time then just remind yourself that 1 more at this time could mean all gone :D
     
  5. D.T.

    D.T. Adelaide Property Manager Business Member

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    If you can afford to, why wouldn't you?
     
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  6. Jkat

    Jkat Well-Known Member

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    Because one more while the business isn't fully established would mean that hubby would worry too much and it would impact on his SANF. So really trying to be a considerate wife...
     
  7. D.T.

    D.T. Adelaide Property Manager Business Member

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    Consider if something stacks up well enough to not effect SANF and doesn't cost you any money to hold onto.

    Alternatively, just think about the buckets of equity you'll have available from your existing properties in the meantime. You'll be able to go on a nice buying spree when he's ready ;)
     
  8. Azazel

    Azazel Well-Known Member

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    Well it depends what you guys have discussed as a team that the funds are for.
    If it's for a buffer, then time to be realistic - and get another hobby.
    But if you think you're in a good position now to look at an IP, probably time to have the discussion with hubby and see what you both decide.
    No point putting undue pressure on the relationship.
     
  9. MGF

    MGF Well-Known Member

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    SANF?
     
  10. devank

    devank Look, lets just get on with this, ok? Premium Member

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    Sleep At Night Factor
     
  11. Jkat

    Jkat Well-Known Member

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    Great point... I've been doing so well about not pushing the property horn and time to refocus and wait just a few more months. Very logical and the relationship is more important than another property.
     
  12. Jkat

    Jkat Well-Known Member

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    Another good point... It will be exciting to be able to buy a few all at once when we are ready :)
     
  13. MGF

    MGF Well-Known Member

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    Ah thanks. Definitely something you need to consider for a good life!