From: Chris Jones
Hello, I require some advice on a financial issue...
Salary:$80,000 net
1. I have 1/2 ownership of a house valued at $300,000 and I have a loan of
$56,000 on this house with a friend.
We are going our own separate ways and I am trying to work out whether it
is best for me to buy this friend out or sell the property and use the
cash to buy a cheaper home and then use that equity to buy an investment
home, thus giving me an owner occupied home and an investment home...
e.g (Would I be best to buy a 170,000 owner occupied home and a $150,000
investment home or vice versa or go about it in a completely different way)
Thankyou
Chris
Hello, I require some advice on a financial issue...
Salary:$80,000 net
1. I have 1/2 ownership of a house valued at $300,000 and I have a loan of
$56,000 on this house with a friend.
We are going our own separate ways and I am trying to work out whether it
is best for me to buy this friend out or sell the property and use the
cash to buy a cheaper home and then use that equity to buy an investment
home, thus giving me an owner occupied home and an investment home...
e.g (Would I be best to buy a 170,000 owner occupied home and a $150,000
investment home or vice versa or go about it in a completely different way)
Thankyou
Chris
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