Reply: 6.1.1.1.1.1.1.1.1
From: Crystal .
Hi Terry and other newbies,
I was asking the very same questions in early 2000 on the old forum.
Should I buy now or wait?
Should I fix or go variable or a split loan?
I posted these questions and others to my mentors on this forum and the answer to the question of when to buy an IP is...
as soon as you can afford one!
The experienced investors answered my newbie questions with the same patience and wisdom as they do today.
So what if the property market corrects or interest rates rise! Make sure you can afford worst case scenario and go for it.
I was sure I was buying at the peak of the market and that interest rates would rise (and they did for a while) but if I hadn't purchased in 2000 I'd still be waiting today!
I jumped in the deep end and I'm glad I did.
Good Luck,
Crystal
From: Crystal .
Hi Terry and other newbies,
I was asking the very same questions in early 2000 on the old forum.
Should I buy now or wait?
Should I fix or go variable or a split loan?
I posted these questions and others to my mentors on this forum and the answer to the question of when to buy an IP is...
as soon as you can afford one!
The experienced investors answered my newbie questions with the same patience and wisdom as they do today.
So what if the property market corrects or interest rates rise! Make sure you can afford worst case scenario and go for it.
I was sure I was buying at the peak of the market and that interest rates would rise (and they did for a while) but if I hadn't purchased in 2000 I'd still be waiting today!
I jumped in the deep end and I'm glad I did.
Good Luck,
Crystal
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