Hind-sight is a wonderful thing!

Hind-sight is a wonderful thing.  We live and we learn.

At the present time, with the economy suffering, it does highlight the importance of having, for example,  a 40% deposit on any investment purchases.  That will lighten the load if jobs are lost and repayments are still required no matter the circumstances.  If push comes to shove it might be worth considering letting out your house/home and living with other family members until the economy becomes more stable. A recession is a good reminder that having a very basic affordable house in the first instance will be much easier to rent and heaps easier to find a tenant who can afford to pay the rent. Nothing beats having cash!

Actually a wet day like today can be a good day to look around for land that is well drained. Chapter 9 has a lot of ideas and tips.