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From: Mike .
How to invest in property with one wage
From: Helen
Date: 4/29/00
Time: 9:57:34 PM
Hi. This is somewhat a self-centred question but I'm impressed by your feel of community. I'm the sole wage-earner in my family, with my husband being the "stay-at-home-dad" to our one year old son. Since some good fortune enabled us to buy one investment property (worth $190,000 but equity close to $100,000) I have become addicted to property investment as a whole.
The weekly repayments on our existing mortgage are far less than the rent we receive per week from the property, so we have a positive cash flow thus far. However, our savings are somewhat minimum at this point ($1000 if we're lucky!) My question is....should we seriously consider leveraging, etc and purchasing another investment property so soon (we only settled on this one two months ago)or should we bide our time and wait another twelve months...2 years....until my husband and I are both working (another 4-5 years at this point!)?
I'm keen but confused and don't want to over-capitalise too soon. Any advice would be greatly appreciated.
Warm Regards, Helen.
How to invest in property with one wage
From: Helen
Date: 4/29/00
Time: 9:57:34 PM
Hi. This is somewhat a self-centred question but I'm impressed by your feel of community. I'm the sole wage-earner in my family, with my husband being the "stay-at-home-dad" to our one year old son. Since some good fortune enabled us to buy one investment property (worth $190,000 but equity close to $100,000) I have become addicted to property investment as a whole.
The weekly repayments on our existing mortgage are far less than the rent we receive per week from the property, so we have a positive cash flow thus far. However, our savings are somewhat minimum at this point ($1000 if we're lucky!) My question is....should we seriously consider leveraging, etc and purchasing another investment property so soon (we only settled on this one two months ago)or should we bide our time and wait another twelve months...2 years....until my husband and I are both working (another 4-5 years at this point!)?
I'm keen but confused and don't want to over-capitalise too soon. Any advice would be greatly appreciated.
Warm Regards, Helen.
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