All Topics / Help Needed! / whats the best way to do this? investment plan.

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  • Profile photo of JonJon
    Participant
    @wealthyjvd
    Join Date: 2008
    Post Count: 175

    earning 40k (first yr uni) combined with g/f
    want to buy a house next yr (230k)
    w/ 46k deposit (hopefully 20%)

    over 3 years, pump 50+k principle, as well as pay loan @ 9.0-9.5%

    question
    what happends if i wont to get another after 3.5 years? saying i worked out net equity of 200k.
    use equity or sell? maybe sell and develop
    also, buying another house would effectively mean i would have 3 loans! true,
    what would be the ebst way to go about it.

    saying that after 3 years we earn combined 100k.

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