Hi everyone,
First question here for a long time lurker. We currently have 3 IP’s, 2 in Darwin and 1 in QLD near Hervey Bay. We are currently renting in Vic due to job commitments albeit rent is only $440 a fortnight. At a bit of a crossroads now as we wish to continue generating wealth, obviously, however not too sure as to what direction to take now. Our current status is this:
House 1. Qld. M/gage of 45K, owe 37K. Valued at 240K. Rented $230 a week. Equity app 200K. CF+
2. Darwin. M/gage 413K, owe 390K. Valued at 480-500K. Rented at $430 a week Equity app 100K CF-
3. Darwin. M/gage 400K owe 380K Valued at 800-850K. Rented at $800 wk. 55K in 100% offset. Equity approx $450K CF- Just.
Total Equity of approx 750K. Does anyone have any suggestions on where to from here bearing in mind that debts have to be serviced and I am earning 90K. And partner has no job here as yet.
Regards Chanos.
First question here for a long time lurker. We currently have 3 IP’s, 2 in Darwin and 1 in QLD near Hervey Bay. We are currently renting in Vic due to job commitments albeit rent is only $440 a fortnight. At a bit of a crossroads now as we wish to continue generating wealth, obviously, however not too sure as to what direction to take now. Our current status is this:
House 1. Qld. M/gage of 45K, owe 37K. Valued at 240K. Rented $230 a week. Equity app 200K. CF+
2. Darwin. M/gage 413K, owe 390K. Valued at 480-500K. Rented at $430 a week Equity app 100K CF-
3. Darwin. M/gage 400K owe 380K Valued at 800-850K. Rented at $800 wk. 55K in 100% offset. Equity approx $450K CF- Just.
Total Equity of approx 750K. Does anyone have any suggestions on where to from here bearing in mind that debts have to be serviced and I am earning 90K. And partner has no job here as yet.
Regards Chanos.