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From: J D
Hey everyone,
Being a real beginner in IP's any help would be much appreciated...
I am in the fortunate position of coming into cash of 250K and I want to know which is better to do....
The options are:
1. Purchase an IP for 200~220K and use the equity and rental income in the property to buy another 3 IP's of approx the same value( I figure a loan of 600K interest only)
2. Spread the cash over 4 properties putting a 50K in each.
Does it really matter how it is done? either way the cash is equity?
I figure in option 1 at least I own the first IP outright.
any thoughts....??
thanks, JD
Hey everyone,
Being a real beginner in IP's any help would be much appreciated...
I am in the fortunate position of coming into cash of 250K and I want to know which is better to do....
The options are:
1. Purchase an IP for 200~220K and use the equity and rental income in the property to buy another 3 IP's of approx the same value( I figure a loan of 600K interest only)
2. Spread the cash over 4 properties putting a 50K in each.
Does it really matter how it is done? either way the cash is equity?
I figure in option 1 at least I own the first IP outright.
any thoughts....??
thanks, JD
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