Are You Ready to Finance a New Property?

investment decision๐๐ฎ๐ฒ๐ข๐ง๐  ๐š ๐ก๐จ๐ฆ๐ž ๐ข๐ฌ ๐š ๐ฆ๐š๐ญ๐ญ๐ž๐ซ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐ก๐ž๐š๐, ๐ง๐จ๐ญ ๐ฃ๐ฎ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐ก๐ž๐š๐ซ๐ญ- ๐ž๐ฌ๐ฉ๐ž๐œ๐ข๐š๐ฅ๐ฅ๐ฒ ๐ฐ๐ก๐ž๐ง ๐ฒ๐จ๐ฎ ๐š๐ซ๐ž ๐ฉ๐ฅ๐š๐ง๐ง๐ข๐ง๐  ๐ญ๐จ ๐จ๐ฐ๐ง ๐š ๐ก๐จ๐ฅ๐ข๐๐š๐ฒ ๐ก๐จ๐ฆ๐ž.

Sure, a beachfront house or a home in the countryside sounds awesome, but only until you can finance it. So, the first question to ask yourself is โ€˜can you afford to finance the new property?โ€™. โ€œIt should also be made in the knowledge that no investment is guaranteed to succeedโ€, David says.

Therefore, it is also important to take into account the costs of potential failure in order to have a better chance of success.

Get your investment advice from our financial coach today. Email us at info@sortmymoney.com.au to know more.