benefits of keeping ppor or selling and buying apartments for immediate income.

[Francine]

I wonder if i should keep my ppor in an area that will always have good capital growth

and find a way to put a granny flat in back for income

and then go the slow way of buying and paying off other properties while not being on a large nor secure income and being on a single income

or if there is a case for selling a ppor (that will always be a fabulous investment and i dont see myself ever doing that actually)

and instead buying a few apartments and having immediate long term income without loans or overheads and probably having to live in one of them.

what would be the pros and cons of doing this please.

thanks.

 

[Peter Parker]

what would be the pros and cons of doing this please.

http://www.somersoft.com/forums/showthread.php?t=63154

 

[Ed Barton]

I wonder if i should keep my ppor in an area that will always have good capital growth

(that will always be a fabulous investment )

always always always. always is not forever, it can change relatively quickly. don't assume what happened yesterday will happen tomorrow.

 

[Francine]

Thnx ed . Spiderman I appreciate so much ur helpful info and it's very useful but this is a different question . Thnks

 

[geoffw]

Different question. But the same answer.

 

[RumpledElf]

Sell your house, buy mine for $75,000 (or a cheaper one) and put all the change into $200k investment properties

 

[The Y-man]

and find a way to put a granny flat in back for income
.

Befor eyou bother with that, are all the of rooms in the house being used? Why not get boarders? (proper ones! - not free loaders)

The Y-man

 

[RumpledElf]

I do believe that suggestion has come up before, Y-man. Actually she's brought this entire topic up several times ...

Goes to show your suggestion is a good one though