We have a 6month old and looking to have another baby soon. We're working out our plan for the next few years and not sure whether to stop investing til the kids are a bit older as I'm currently a stay-at-home mum, or whether I should go back to work early and use my wage purely for purchasing new properties and servicing those debts.
We have a number of properties that, if we don't do anything more, will look after us in 15-20 years time (we're in our mid-30s) but it would be nice for DH to stop working for the man earlier.
So we have two options:
1. me go back to work in 12-18 months (or earlier if we find we can't have more children -we're doing IVF so we can't do this forever) and working hard to buy more properties until the kids start school. Then I focus on the kids activities and focus on running the properties. or
2. focus on the kids until they start school and not buy any properties in the meantime, then when they are at school, restart the accumulation of properties.
For those that have kids, did you make one of the above choices and if so, did it work for you? Or did you have a solution part-way between. FYI we've pretty much hit our borrowing capacity on DH's income alone and we don't feel comfortable with taking on more debt anyway with interest rates on the rise if I am not working.
Sorry it's a bit rambled but hope it makes sense. Thanks in advance.
We have a number of properties that, if we don't do anything more, will look after us in 15-20 years time (we're in our mid-30s) but it would be nice for DH to stop working for the man earlier.
So we have two options:
1. me go back to work in 12-18 months (or earlier if we find we can't have more children -we're doing IVF so we can't do this forever) and working hard to buy more properties until the kids start school. Then I focus on the kids activities and focus on running the properties. or
2. focus on the kids until they start school and not buy any properties in the meantime, then when they are at school, restart the accumulation of properties.
For those that have kids, did you make one of the above choices and if so, did it work for you? Or did you have a solution part-way between. FYI we've pretty much hit our borrowing capacity on DH's income alone and we don't feel comfortable with taking on more debt anyway with interest rates on the rise if I am not working.
Sorry it's a bit rambled but hope it makes sense. Thanks in advance.