From: C Siu
I am about to sell my semi in Sydney and I
estimate my share after the sale conservatively to
be around $200K after all expenses (sale due to
divorce). I then plan to purchase another
apartment to live in (buying with family) and my
share should be around $200K, meaning I will
basically pay it off relatively soon if not
immediately. I then plan to borrow against equity
of this new apartment and purchase an
investment property.
Is this a good idea? Or should I rent (currently my
share $160 per week) after I sell the semi and
purchase say 2 or 3 investment properties
instead?
My current income is between $40-$70K. Rather
unstable as am trying to build up business.
Thanks for advice.
CS
I am about to sell my semi in Sydney and I
estimate my share after the sale conservatively to
be around $200K after all expenses (sale due to
divorce). I then plan to purchase another
apartment to live in (buying with family) and my
share should be around $200K, meaning I will
basically pay it off relatively soon if not
immediately. I then plan to borrow against equity
of this new apartment and purchase an
investment property.
Is this a good idea? Or should I rent (currently my
share $160 per week) after I sell the semi and
purchase say 2 or 3 investment properties
instead?
My current income is between $40-$70K. Rather
unstable as am trying to build up business.
Thanks for advice.
CS
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