Hi,
I would really appreciate some advice from you guys...
Background Info
PPOR worth $360,000 Owe $92000
Investment 1: Worth $320,000 owe $153,000 Rent $245/week
Investment 2:Worth $310,000 owe $312,000 Rent $300/week
We have a one year old and a two year old
Income Husband $1400 f/n take home
Me (three days/f/n) $900 f/n take home
Thinking of selling inv 1 (unit @ Glenelg east for those who know Adelaide) to pay of PPOR and give us a few years of stress free living while the kids are little.
OR: I work more (will have to to keep up especially if interest rates keep going up)
My other concern is what happens if house prices fall and we lose money?
(The only reason we have even got this far is that my Dad died last year and left us investment 1, I feel a great deal of pressure to do the right thing by him and make the most of his money.)
We are only in our mid twenties and are a bit lost at the moment!
Thanks Guys.
I would really appreciate some advice from you guys...
Background Info
PPOR worth $360,000 Owe $92000
Investment 1: Worth $320,000 owe $153,000 Rent $245/week
Investment 2:Worth $310,000 owe $312,000 Rent $300/week
We have a one year old and a two year old
Income Husband $1400 f/n take home
Me (three days/f/n) $900 f/n take home
Thinking of selling inv 1 (unit @ Glenelg east for those who know Adelaide) to pay of PPOR and give us a few years of stress free living while the kids are little.
OR: I work more (will have to to keep up especially if interest rates keep going up)
My other concern is what happens if house prices fall and we lose money?
(The only reason we have even got this far is that my Dad died last year and left us investment 1, I feel a great deal of pressure to do the right thing by him and make the most of his money.)
We are only in our mid twenties and are a bit lost at the moment!
Thanks Guys.