Hi, im 23 i have 2 investment properties but im still living with my parents at the moment. i plan on moving into one of my properties at the end of the year. Would it be a good idea to sell my other investment property and use the capital gains i make (approx $120,000.00) to pay off the house that i move into?? if interest rates increase im worried wether i can meet the repayments. i thought it would be a better idea to sell 1 now and then buy again in a few years when theres better value for money in the market.
any opinions would be appreciated
cheersMarkets always move in cycles and it is hard to pick when and where it will rise and fall.
I would speak to you accountant/financial adviser about this before doing anything.
ChrisAll post are IMHO.
Hi, im 23 i have 2 investment properties but im still living with my parents at the moment. i plan on moving into one of my properties at the end of the year. Would it be a good idea to sell my other investment property and use the capital gains i make (approx $120,000.00) to pay off the house that i move into?? if interest rates increase im worried wether i can meet the repayments. i thought it would be a better idea to sell 1 now and then buy again in a few years when theres better value for money in the market.
any opinions would be appreciated
cheersHaving two investment properties at 23 is fantastic, but only if you can service them.Why not move into one sell the other leaving you with no debt but a whole lot of equity to buy more properties.Sounds like a great start in life.All the best,Wayne.
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