Howdy folks.
Needing some opinions and perhaps a fresh perspective on our current situation.
PPOR Value $500K
Loan $354K IO variable.
IP Value $350K
Loan $198K IO variable.
Overall LVR 64.9%
As you can see from a LVR standpoint we’re pretty much ok. The real issue we have is cashflow. I make about $50k pa and my wife about $43k pa and we’ve got one little one and another on the way.
We’ve only been investing a short time but have got to where we are via a couple of subdivisions; one rural and another in metro Adelaide.
Very torn at the moment because after much reading and research buy and hold definitely seems the proven path but the subdivisions were both very profitable ventures and we have a fairly good idea now of what works and what doesn’t.
I guess at this point I was hoping for your learned opinions on which is the best way forward.
Hold onto the IP and wait it out until we can service another purchase?
Sell down IP to pay out PPOR debt and fund another subdivision venture?
Other?
Your opinions would be greatly appreciated.
Thanks
Needing some opinions and perhaps a fresh perspective on our current situation.
PPOR Value $500K
Loan $354K IO variable.
IP Value $350K
Loan $198K IO variable.
Overall LVR 64.9%
As you can see from a LVR standpoint we’re pretty much ok. The real issue we have is cashflow. I make about $50k pa and my wife about $43k pa and we’ve got one little one and another on the way.
We’ve only been investing a short time but have got to where we are via a couple of subdivisions; one rural and another in metro Adelaide.
Very torn at the moment because after much reading and research buy and hold definitely seems the proven path but the subdivisions were both very profitable ventures and we have a fairly good idea now of what works and what doesn’t.
I guess at this point I was hoping for your learned opinions on which is the best way forward.
Hold onto the IP and wait it out until we can service another purchase?
Sell down IP to pay out PPOR debt and fund another subdivision venture?
Other?
Your opinions would be greatly appreciated.
Thanks