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From: Walter IP
Help
I would like to get started and buy my first IP. I am currently joint owner occupier of a property valued at approx 270k with a mortgage of 186k divided between two.
I have recently sold a business and find myself with 170k cash. Could anyone please help. Would it be better to pay off my own share of my loan or use the money for a deposit on a new investment property.
I am currently looking around the northern suburbs of Sydney.
hope someone can help.
Walter
Help
I would like to get started and buy my first IP. I am currently joint owner occupier of a property valued at approx 270k with a mortgage of 186k divided between two.
I have recently sold a business and find myself with 170k cash. Could anyone please help. Would it be better to pay off my own share of my loan or use the money for a deposit on a new investment property.
I am currently looking around the northern suburbs of Sydney.
hope someone can help.
Walter
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