We have 2 Ips in Wollongong, no PPOR coz we rent, and that's it for IPs so far. market there is at 'peak' accdg to HTW, there's 45+ groups at every open, sales are frequently over asking price ATM.
Debating whether to sell one. But why? Or why not??
The Issue is our strategy.
What 'strategy'???
We have a goal to have a passive income of 35k pa by end of 2022 thru resi real estate.
Both IPs are basically CF neutral.
At this early stage, we want to buy IPs that are about CF neutral bec it suits our risk comfort level at this stage.
Dunno dunno... What's to be gained by selling? What's to be gained by keeping?? After selling n paying off all debts, we'd have 100k. If we get equity off it, we may access about 50k. Our PM just emailed us to say she has two buyers for one of the IPs. We dunno!
What do you think???
Thoughts welcome.
Debating whether to sell one. But why? Or why not??
The Issue is our strategy.
What 'strategy'???
We have a goal to have a passive income of 35k pa by end of 2022 thru resi real estate.
Both IPs are basically CF neutral.
At this early stage, we want to buy IPs that are about CF neutral bec it suits our risk comfort level at this stage.
Dunno dunno... What's to be gained by selling? What's to be gained by keeping?? After selling n paying off all debts, we'd have 100k. If we get equity off it, we may access about 50k. Our PM just emailed us to say she has two buyers for one of the IPs. We dunno!
What do you think???
Thoughts welcome.