Gday people, l could really use your wisdom, dollar signed brains and experience on this one.
Should l keep our house , even though it would mean remaining in partners with x on it.
x is no problem don't get me wrong , we are still entwined financially , my daughter, get a long fine but , maybe mores not a good move on strategy, dunno. l wouldn't choose it as such because well, you know but read on.
Thing is we still have our house , it's our last property and if we didn't keep it as an investment , doubt l could be bothered or even afford another investment place later buy the time if we just sold it now instead, split it, and l take on a new bigger mortgage for a new place.
But alternatively , we could just keep this one and l could buy a new place from equity. Rent this out , finish it of properly over time which would add 150 now prices, another boom could be much more . lt even has a side block to it l could add something too like another rental.
As is , it'd rent out 500pm cash positive after all hold costs . Add something to the side block , could maybe be around 1300pm cash positive. That'd take time but l'd only be moving 15mins way so in time. It'd also make a great retirement seller just held for 20 yrs or the next biggie, cash in from it meantime.
But , it is easiest and cheapest to just stay in it together with x , that parts well , as l said , just dunno how smart that is . Or hell , cash cow in hand so should it be who cares ?
What do ya think ?
Should l keep our house , even though it would mean remaining in partners with x on it.
x is no problem don't get me wrong , we are still entwined financially , my daughter, get a long fine but , maybe mores not a good move on strategy, dunno. l wouldn't choose it as such because well, you know but read on.
Thing is we still have our house , it's our last property and if we didn't keep it as an investment , doubt l could be bothered or even afford another investment place later buy the time if we just sold it now instead, split it, and l take on a new bigger mortgage for a new place.
But alternatively , we could just keep this one and l could buy a new place from equity. Rent this out , finish it of properly over time which would add 150 now prices, another boom could be much more . lt even has a side block to it l could add something too like another rental.
As is , it'd rent out 500pm cash positive after all hold costs . Add something to the side block , could maybe be around 1300pm cash positive. That'd take time but l'd only be moving 15mins way so in time. It'd also make a great retirement seller just held for 20 yrs or the next biggie, cash in from it meantime.
But , it is easiest and cheapest to just stay in it together with x , that parts well , as l said , just dunno how smart that is . Or hell , cash cow in hand so should it be who cares ?
What do ya think ?