Heres the details...
1. IP #1 - Karratha (WA) - returning $1100.00 rent a week (mining town)
2. IP#2 - Bellmere (Qld) - returning $340.00 rent a week
3. PPOR - Pacific Pines (Qld) - USED to be IP returning $400 rent a week but now living in for mean time.
We are still having to top up $250 a week for mortgages.
Situation is;
Me - I want to sell all 3 houses and put whatever profit we make into our "dream PPOR"... which will lower the mortgage right down and therefore mortgage won't be so high.
Hubby has 2 options - Sell IP#2 and PPOR (keep IP#1 as its returning high rent), purchase "dream PPOR" and then rent from IP#1 will help to cover PPOR mortgage too.
OR -
Sell IP#1 and IP#2 and put profit onto PPOR to make it freehold (or almost) and then look for "dream PPOR" and once found sell current PPOR and whatever made of that put onto "dream PPOR"...
Not sure what to do??? Any recommendations??
Also on another note, does anyone know any good sales agents for all areas just incase we decide to sell.... We have never sold a property before so its all very new to us.
Thanks!
1. IP #1 - Karratha (WA) - returning $1100.00 rent a week (mining town)
2. IP#2 - Bellmere (Qld) - returning $340.00 rent a week
3. PPOR - Pacific Pines (Qld) - USED to be IP returning $400 rent a week but now living in for mean time.
We are still having to top up $250 a week for mortgages.
Situation is;
Me - I want to sell all 3 houses and put whatever profit we make into our "dream PPOR"... which will lower the mortgage right down and therefore mortgage won't be so high.
Hubby has 2 options - Sell IP#2 and PPOR (keep IP#1 as its returning high rent), purchase "dream PPOR" and then rent from IP#1 will help to cover PPOR mortgage too.
OR -
Sell IP#1 and IP#2 and put profit onto PPOR to make it freehold (or almost) and then look for "dream PPOR" and once found sell current PPOR and whatever made of that put onto "dream PPOR"...
Not sure what to do??? Any recommendations??
Also on another note, does anyone know any good sales agents for all areas just incase we decide to sell.... We have never sold a property before so its all very new to us.
Thanks!