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From: Anonymous
HI EVERY-ONE,
After reading Jan Somers book recently my Husband and I are wondering what would you advise to do; we currently live in near beach side suburb of Adelaide with a loan outstanding of $85,000 current market value approx $300,000. We also have an investment property inner city which we also have a loan outstanding of $88,000 current market value approx $160,000 receiving rent of @ $175.00 per week. Do we sell our home then downsize, purchase new home to live in loan free and then buy another investment property, do we sell our investment property and pay out our loan on the house we live in now and then borrow for another investment property or do we stay, keep both and just refinance to buy another IP? We are both aged 40, both work and would like to retire at 55? Any comments would be appreciated.
HI EVERY-ONE,
After reading Jan Somers book recently my Husband and I are wondering what would you advise to do; we currently live in near beach side suburb of Adelaide with a loan outstanding of $85,000 current market value approx $300,000. We also have an investment property inner city which we also have a loan outstanding of $88,000 current market value approx $160,000 receiving rent of @ $175.00 per week. Do we sell our home then downsize, purchase new home to live in loan free and then buy another investment property, do we sell our investment property and pay out our loan on the house we live in now and then borrow for another investment property or do we stay, keep both and just refinance to buy another IP? We are both aged 40, both work and would like to retire at 55? Any comments would be appreciated.
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