Hi All.
We have recently sold an investment property,will settle in January.I should receive about $60,000 from the sale.
I'm thinking of buying another one.
$60,000 doesn't go very far in todays market.
I'm wondering if it's best to invest it somwhere and try to get about 8% return and use the interest to help pay for a negative geared property.
Or put the $60,000 towards the purchasing price of the new property,hence reducing the initial debt and the repayments.
$60,000 really doesn't put much of a dent into a $400,000 loan as far the repayments go.
Any thoughts?Perhaps its simply six of one?
Cheers Shelly
We have recently sold an investment property,will settle in January.I should receive about $60,000 from the sale.
I'm thinking of buying another one.
$60,000 doesn't go very far in todays market.
I'm wondering if it's best to invest it somwhere and try to get about 8% return and use the interest to help pay for a negative geared property.
Or put the $60,000 towards the purchasing price of the new property,hence reducing the initial debt and the repayments.
$60,000 really doesn't put much of a dent into a $400,000 loan as far the repayments go.
Any thoughts?Perhaps its simply six of one?
Cheers Shelly