Hi, I live overseas, coming back to Brisbane to live, have to buy my own house to live in... To be able to afford this 2 of my investment properties have to be sold Would anyone have any advice as to which prop I should keep or any advice in general, somehow I managed to accumulate 3 houses, not with a lot of sense or thought, just kind of happened, I am not very sassy when it comes to this kind of thing and find it hard to seperate my heart from my head.... I cant seem to see a way to keep all 3 and still manage to afford to buy a house of approx 700,000 with an income (from Ireland and before husband gets a job) of Aus$ 45,000 per year.
Here are the 3, what would you do, I think the res B or large corner block woud be worth keeping one of them, but which one??????
(1) Bald Hills, 2 bed, 1 bathroom, fibro, asbestos roof! very small house
1950's? 506sqm, no side access, nice street, walk to shops and train, cutesy cottage look, fully fenced, can bring in car to yard but no lug or carport.
approx value $300,000
Mortgage $65,000
Repayment $120 pw
Rent $230pw
(2)Petrie, 3 bed, 1 bath, galvanised roof, strong neat house, Next door to Petrie railway station Residential B (possible unit development) 847sqm
fully fenced, (Nicest of the 3)
approx value $320,000 -330,000
mortgage $106,000
Repayment $190pw
Rent $235pw
(3) Strathpine, 2 bed 1 bath, tiled roof, on large corner block, 799sqm house to one side of block, (could be subdivision one day????)
approx value $300,000
mortgage $180,000
Repayment $293pw
Rent $210pw (soon to go up to $225)
Throw it at me
Here are the 3, what would you do, I think the res B or large corner block woud be worth keeping one of them, but which one??????
(1) Bald Hills, 2 bed, 1 bathroom, fibro, asbestos roof! very small house
1950's? 506sqm, no side access, nice street, walk to shops and train, cutesy cottage look, fully fenced, can bring in car to yard but no lug or carport.
approx value $300,000
Mortgage $65,000
Repayment $120 pw
Rent $230pw
(2)Petrie, 3 bed, 1 bath, galvanised roof, strong neat house, Next door to Petrie railway station Residential B (possible unit development) 847sqm
fully fenced, (Nicest of the 3)
approx value $320,000 -330,000
mortgage $106,000
Repayment $190pw
Rent $235pw
(3) Strathpine, 2 bed 1 bath, tiled roof, on large corner block, 799sqm house to one side of block, (could be subdivision one day????)
approx value $300,000
mortgage $180,000
Repayment $293pw
Rent $210pw (soon to go up to $225)
Throw it at me