Just after some opinions, I have 2 houses in Sydney, value 800,000 and 750,000. The 800,000 was my original home, I have returned from OS. (mortgage about 150,000 on 2nd house only) Should I sell it (no capital gains tax), and invest in a number of cheaper properties that would generate more cash flow, and allow me to seek greater wealth as per the book. Or would one hold onto it (rent 425 a week), and just try to use the equity in it? Appreciate your thoughts…..
G’day David,
Use the equity !!
It would seem that you have quite a bit of equity, so why get rid of $425 per week, which would go a long way to helping fund the interest on any future loans / refinancing ?
Use the equity every time !!
Have a good one,
BDM
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