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All Topics / Help Needed! / Help!
Hi All,
We built two houses in the Gold coast in Reedy Creek and the equity growth we received was quite substantial on the two. We built them with a view of selling them on and getting back a profit on them.The problem we are having is that we can’t sell them. I know most of you are already thinking, dont sell, rent them out but the problem is they wont be rented out for enough and we will have to pay into them each month.
The idea I have running through my head though is to try and use the equity on the houses which combined is around 160k to buy positive cashflow properties. I would rent the houses out and just pay in the extra every month and hopefully the positive cashflow properties can cover the extra payments.
If anyone has any suggestions I would really appreciate it. [worried]
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