Thanks Leigh, that’s kinda what I’ve been thinking. But I keep being offered advice from accountants’ and other property oriented people who say you’re not able to depreciate as much on that existing investment as you could on a newly purchased property and the return is really low. Also Steve’s theory of selling to buy more property is compelling. This property, is however unlikely to fall much in value and the growth on that location is assured. Only hindsight can really tell you what to do!! Anyone else got any thoughts? Thanks in advance.
mark