What if the market crashes?
What a great time to buy more property! If all of a sudden it is cheaper, it makes sense to buy more. You know it will go up again, it’s just a matter of time. The property you already have should not be sold until you have made the profit you want. This just means you may have to delay selling for a while. Problem solved.
What if interest rates go up?
In the short term, it may hurt a bit. However interest is tax deductible, so therefore you will get a greater deduction to help offset it. Rents also generally rise so they too will offset the extra holding costs. If it really starts hurting you could consider a practice called interest capitalization. This means you borrow money to pay the shortfall in cashflow. For instance, if your cashflow shortfall was $100 per week, you could borrow $5200 to cover the shortfall for the year. More than likely the property would have gone up far more than you need to borrow anyway. What it means is that you can now fund your portfolio in good and bad times. It is important to note however that by increasing your loan, your net profit will decrease, so don’t use this strategy unless required. Problem solved.
What if inflation goes up?
Great! In times of inflation rents usually rise as well. Enjoy the extra income. Problem solved.
What if the tenant trashes the place?
One word: - Insurance. Problem solved.
What if I just wait for the best time to buy?
The best time has already past, and you probably found a reason not to buy then. The next best time is now. Generally speaking prices go up, so that means property will not get cheaper than they are now. Start now. Problem solved.