New property investors consider many things before embarking on a purchase, from financing to asset management, but one consideration links all these elements: the risk factor. . An Investor Shares How the “Sleep Test” Helped Her Get a Good First Real Estate Investment: Katarina Taurian of Momentum Media started out as a first-time home buyer before ultimately deciding to move and become an annuity investor. a roommate here? Should I rent it entirely? Do I continue to live in luxury and have two better ones all to myself? Then I decided that reinvesting was probably a better choice for me, mainly because I didn't think I could handle having someone else living in my place with me,” the budding investor joked. Say no to plagiarism. Get a Tailored Essay on 'Why Violent Video Games Should Not Be Banned'?Get the original essayThe 75m² two-bedroom unit with parking was rented out shortly after it came on the market. Engaging the services of real estate professionals is one of the most important things that has helped Ms. Taurian in her transition from homeowner to reinvestor. Among the professionals she consulted throughout the process were her mortgage broker, accountant and property manager. At the start of her investment journey, she immediately sought advice on getting her finances in order, particularly in terms of property loans and features. Ms Taurian shared: “I consulted with a mortgage broker early on, and she was incredibly helpful in terms of product advice and generally guiding me through the application process. ready, sending me alerts and keeping me calm, telling me which parts of the process were normal and which parts I needed to pay attention to urgently. "Even before that, I saw my accountant and said, 'Do you think I'm financially able to pursue this strategy?'" she added. The budding investor also considered his superannuation as a possible investment advantage in the future. “I made sure my super was fully consolidated so that later on, if I wanted to eventually buy my super, that could be an option and I wouldn't go into heavy debt outside of my super,” Ms Tuarian stressed that n addition to sorting out her finances, Ms. Taurian has also made it a point to manage her risks well and make investment decisions that match her risk appetite. For example, because she was able to save a lot over the years, her accountant suggested she divide her money into a few separate purchases. Even though the advice was not at all wrong or negative, the strategy involved too much risk for her at this particular point in her journey. Taurian said: “I'm particularly glad I didn't go down that path. I learned that for my first mortgage, the sleep test is very important. I am gradually becoming much more stable and much more comfortable with the level of debt I am in. I think this strategy will be much more useful in the years to come. The “sleep test” or “the sleep at night factor” may seem a little emotional, but for the aspiring investor, being comfortable with their strategy means they can move forward on their wealth creation journey. the most effective way possible, depending on its objectives, capabilities and limitations. Among the elements she considered were the major changes that could occur.