First-time real estate investors consider many things before diving into a purchase, from financing to asset management, but one related consideration all these things: the risk factor. One investor shares how the 'sleep test' helped her land a good first real estate investment: Momentum Media's Katarina Taurian started out as a first-time home buyer before deciding to move and become a renter. a roommate here? Do I rent it entirely? Do I just continue to live in luxury and have something better all to myself?' Then, I decided that reinvesting was probably a better option for me, especially since I don't think I could stand to see someone else living in my unit with me,” the budding investor joked. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essayThe 75m2 unit with two bedrooms and parking was rented shortly after it was placed on the market. Seeking the service 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 he consulted throughout the process are his mortgage broker, accountant and property manager. As he began his investment journey, he immediately sought advice on how to get his finances in order, particularly in terms of home loans and features. Ms. Taurian shared: “Right at the beginning I consulted a mortgage broker and she was very helpful in terms of advising me on products and generally guiding me through the whole loan application process, sending me alerts and keeping me calm, telling me which parts of the process were normal and which I needed to pay attention to urgently. “Even before that, I saw my accountant asking me, 'Do you think I'm financially capable of carrying out this strategy?'” the budding investor added he also looked at his pension as a possible investment benefit in the future. “I made sure that my pension fund was fully consolidated so that later on, if I wanted to buy it, that could be an option and I won't make a mess of it. lot of debt outside of my pension fund,” Ms. Tuarian pointed out. In addition to getting her finances in order, Ms. Taurian has also committed to managing her risks well and making investment decisions that are within her risk tolerance . For example, because she's managed to save a lot over the years, her accountant suggested she split her money into a few separate purchases. While the advice was by no means misleading or negative, the strategy carried too much risk for her at this particular point in her journey. Taurian said: “I'm especially glad I didn't go that route. I learned that with my first mortgage, the sleep test is very important. I'm gradually becoming much more stable and much more comfortable with the level of debt I'm in. I think this strategy will be much more useful in the years to come. The “sleep test” or “night sleep factor” may seem a little emotional, but for the budding investor, feeling comfortable in your strategy means you can move forward on your wealth creation journey in the most efficient way based about its goals, capabilities and limitations. Among the things he has considered are big changes that could occur in the near future, including having a family of his own, which could mean taking time off from work and temporarily interrupting his.