Because of LVR and equity from my properties I have been approved finance up to 600k which is great, I am exited by the prospect of putting this money to create better cashflow but feel a little frightened by the prospect of spending over half a million dollars.
I last spent 250k on my first trade which worked out fine, but I am now swimming in a bigger pond and want to know how I keep my head above water or head space in the right place. I see this as another level in my learning and one which I need to overcome to move forward, I am not scared of debt but a little cautious about the amount I have at my disposal.
I am sure there are plenty of you PTers who have spent many times more on property and have found ways to deal with the pressure. Would love to know how you dealt with any self doubt.
Thanks
FH.
I last spent 250k on my first trade which worked out fine, but I am now swimming in a bigger pond and want to know how I keep my head above water or head space in the right place. I see this as another level in my learning and one which I need to overcome to move forward, I am not scared of debt but a little cautious about the amount I have at my disposal.
I am sure there are plenty of you PTers who have spent many times more on property and have found ways to deal with the pressure. Would love to know how you dealt with any self doubt.
Thanks
FH.
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