$1.2 million AUD forced sale property in Adelaide, Australia

[Richard Bui]

Hello everyone,

I just get started to know about property investing and i need some advises on property investing for beginner. I just found a great deal in my place and i have been considering a lot whether i should take a big shot at the beginning of my investing career. 

The site has been listed for $1.2 million AUD  and located in a good location in the center of city. Generally, its Planning consent for 18 storey mixed-use complex consisting:

2 commercial tenancies
34 residential apartments

I have calculated and analyzed all the number and came up a positive result on this. ( but remember i'm still a beginner) 

As i just get started, do you think it is worth to take the big risk at the beginning ? Have everyone experience going through a big deal when they just get started? What did you decided? If yes, how did you go through the deal? 

Thanks :)