- How long do I plan on holding this asset: short-term? Long-term? Unsure?
- How much equity do I hold in the property?
- How much do I owe on the mortgage? Is the loan principal and interest or interest only?
- Will I need to carry out any renovations in the next five years?
- Do I have a stable tenant? What are local vacancy rates like?
- In the next few years, if I end up in a position where I need to sell one of my properties, is it likely to be this one?
- Do you and your partner have steady jobs?
- How much do you have in savings as an emergency buffer account?
- Currently, how leveraged is your property portfolio?
- If rates go up 1%, will you still be able to afford to maintain your investment properties?
- If rates go up 2-3%, will you still be able to afford them?
- If you plan to buy additional investment properties, where will the deposit come from?
- Do you plan to have a baby or expand your family in the next five years?
- Will adding to the family impact your income stream? If so, how do you plan to replace that income?
- How will you cope with the extra expenses that expanding your family brings with it?
- How often do you travel for leisure, and how do you pay for it?
- If you increase your investment portfolio, could that have an impact on your future travel plans?
- Do you plan to upgrade your car in the next five years?
- Do you have savings set aside to cover health issues such as undergoing major dental work, which can cost thousands of dollars?