Moving too quick?

[BayView]

I think this scenario would certainly mean a visit from the Arson and Fraud Squad ....

Of course, your odds of winning Tattslotto are better than all the IP's burning down.

The chances of them all being vacant are fairly slim as well, unless you've only got high-end, more boutique properties, and/or in bad locations.

Property selection - which amazingly falls under the heading of Due Diligence - will hedge against that quite well.

We had 3 out 5 vacant at the same time once, but it was short term, and in the event of one being harder to rent, you simply drop the rent a bit below the suburb average for that type of property and it will rent.

Not ideal, but it is not a horrendous situation as some might think.

 

[Raddles]

As has been said - that is why you have insurance.
Did lose 2 properties in the Canberra bushfires - there was a delay in rent - am a consultant so not always working - and yes there are more important things like the fact that myself, my 2 children and my sister got out before the fires came through.
It did not stop the investing journey - just made us more determined!