My husband and I owe 290,000 on our house and 83000 on a block of land of which we have approx 40000 tied up. We are in a dilemma as to whether to sell the block or spend 12 months building ending up with a break even income property. Do we build, sell the block and try and buy an already established house?
My husband and I owe 290,000 on our house and 83000 on a block of land of which we have approx 40000 tied up. We are in a dilemma as to whether to sell the block or spend 12 months building ending up with a break even income property. Do we build, sell the block and try and buy an already established house?Is the block of land valued at 83k or is this the loan?? as you then go on to say you have 40k tied up. Yes the big delima build or buy not sure all the hassle that goes with building is worth it, unless you are clever enough to do a lot of it yourself. I suppose the advanatages can be you choose everything but is this necessary with an investment property?
Wayne Skewes
Mortgage Broker
Email [email protected]
http://www.eaussie.com.au/Mortgages/Aussie_Mortgage_Adviser.asp?ContentID=852280
Refinace, Loan Consolidation, Owner Occupied or Investment Finance. Free Service I come to you!
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