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From: Paul Hendriks
Hi All,
Does anyone think the market is definitely about to correct to its actual true value, or am I being negative thinking a huge recession is just around the corner?
I have just sold my home in the Hawkesbury valley NSW for $400k, mortgage of $130k & moving to the Southern Highlands NSW, & am wondering which way to go with my funds.
Buy our own home to $400k transferring mortgage with us? or
Rent for awhile, around $300 p/w & buy a cheaper IP up to $300k, making sure it is cash flow positive, so we can sleep at night.
Then look to buy more IP's 12 - 18mths down the track, or maybe buy our own home after that time frame.
We have about $270k of funds to use of our own, but have very low income?
Advise would be much appreciated
Paul
Hi All,
Does anyone think the market is definitely about to correct to its actual true value, or am I being negative thinking a huge recession is just around the corner?
I have just sold my home in the Hawkesbury valley NSW for $400k, mortgage of $130k & moving to the Southern Highlands NSW, & am wondering which way to go with my funds.
Buy our own home to $400k transferring mortgage with us? or
Rent for awhile, around $300 p/w & buy a cheaper IP up to $300k, making sure it is cash flow positive, so we can sleep at night.
Then look to buy more IP's 12 - 18mths down the track, or maybe buy our own home after that time frame.
We have about $270k of funds to use of our own, but have very low income?
Advise would be much appreciated
Paul
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