What's the biggest challenge for you with property investing?

Discussion in 'Investor Psychology & Mindset' started by Jake Milne, 7th Dec, 2015.

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  1. fols

    fols Well-Known Member

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    Probably a bit of both, but I'll spare you the gory details
     
    fols, 7th Dec, 2015
    #41
  2. NTR

    NTR Active Member

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    he will inherit
     
    NTR, 7th Dec, 2015
    #42
  3. ellejay

    ellejay Well-Known Member

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    Where to next? Possibly the biggest challenge. I don't think I can purchase too many more so it's about making the best choices possible for me. After that it'll just be more of paying down debt and dealing with ongoing management and maintenance.
     
    ellejay, 7th Dec, 2015
    #43
  4. dabbler

    dabbler Well-Known Member

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    never rely on inheritance.....it wont pay the bills or keep the bank away.....
     
    dabbler, 7th Dec, 2015
    #44
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  5. Fargo

    Fargo Well-Known Member

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    The problem is not being able to get more debt, property is all about finance. There is no problem finding properties that are at least neutral cash flow. Having to sell to access equity on one loan, and on another that wont help as the loan limit will be reduced. Investing for CG has become pointless.
     
    Fargo, 7th Dec, 2015
    #45
  6. D.T.

    D.T. Specialist Property Manager Business Member

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    Then it sounds like you need a better broker?
     
    D.T., 7th Dec, 2015
    #46
  7. sash

    sash Well-Known Member

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    Going against the herd....
     
    sash, 8th Dec, 2015
    #47
  8. samiam

    samiam Well-Known Member

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    Biggest challenge is my partner :mad:
     
    samiam, 8th Dec, 2015
    #48
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  9. House

    House Well-Known Member

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    This thread should help- Partner is slowing me down!


    My biggest challenge all along has been the 9 year attempt to get residency. Currently being processed for a defacto temporary resident but means for the next two years I can only buy new o_O
    At least it will give me time to build up some healthy reserves and go hard when possible. Hopefully 2 years of reading and learning more will pay off big time :)
     
    House, 8th Dec, 2015
    #49
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  10. norwoodman

    norwoodman Well-Known Member

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    Biggest challenge for me has been finding stability (in location and job, not mentally, although that in itself is subjective) in my own situation in order to be able to continue progressing. I moved 4 times in one year due to work and was under threat of being made redundant multiple times.
     
    norwoodman, 8th Dec, 2015
    #50
  11. Sackie

    Sackie Well-Known Member

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    Maintaining a peak mindset/psychology of wealth.

    I know so many people with heaps of cash/equity and cant grow their wealth.
     
    Sackie, 8th Dec, 2015
    #51
  12. bythebay

    bythebay Well-Known Member

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    bank won't let me access all of the equity :(
    need to increase serviceability/cashflow
     
    bythebay, 8th Dec, 2015
    #52
  13. Michael_X

    Michael_X Mortgage Broker Business Member

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    Finance is the key, deals are always out there...just need the financing to secure them.

    Cheers,
    Michael
     
    Michael_X, 8th Dec, 2015
    #53
  14. skater

    skater Well-Known Member

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    Unless you pay cash!:D
     
    skater, 8th Dec, 2015
    #54
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  15. Gockie

    Gockie Life is good ☺️ Premium Member

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    Geez, a lot of us have partner. My answer is partner and financing.
     
    Gockie, 8th Dec, 2015
    #55
  16. Glenmore

    Glenmore New Member

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    Hi everyone.

    I'm new to the site, and happy to see so many like minded individuals.
    Biggest hurdle so far has been getting advice/opinions/input (prior to this site) as nobody I know does this.
     
    Glenmore, 8th Dec, 2015
    #56
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  17. Liam Blanden

    Liam Blanden Well-Known Member

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    I have a nasty rash.

    Oh and the development of a saving mindset :D
     
    Liam Blanden, 8th Dec, 2015
    #57
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  18. pommy

    pommy Well-Known Member

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    Whoa. Never heard such talk on PC.
     
    pommy, 8th Dec, 2015
    #58
  19. skater

    skater Well-Known Member

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    You haven't been around long enough then.:D
     
    skater, 8th Dec, 2015
    #59
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