All Topics / Help Needed! / Own vs renting

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  • Profile photo of Matthew EbelMatthew Ebel
    Member
    @matthew-ebel
    Join Date: 2010
    Post Count: 1
    October 27, 2010 - 4:29 am

    Hi, first time writing on this forum and relatively new to investment properties.

    I currently have an investment property in SA and also have my mortgage for my current home. PLAN – Sell my home and invest that money into another property and then rent a home for myself & family or should I wait until I have built equity in my current investment property and then invest again?

    Any thoughts?

    Kind regards,

    Matt Ebel

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    October 27, 2010 - 4:35 am

    Hi Matt

    Firstly welcome to the fourm and I hope you enjoy your time with us.

    Can i ask you why you would sell your current property merely to invest the money in another property.

    Why would you not just rent out the current PPOR and rent yourself if that is the desired option.

    With the costs of buying and selling it doesnt seem to make financial sense unless there is a reason you believe your current PPOR wont outpeform the local market.
     
    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

Viewing 2 posts - 1 through 2 (of 2 total)

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