Originally posted by Terryw:
I think option 1 sounds good. You can increase your tax deductions and sell at a different time when the market is higher.

Terryw
Discover Home Loans
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I tend to favour this option as well. Thanks again for your advice!

Originally posted by Bridgebuff:
Hi Dan,

welcome to the forum. I had two initial reactions to your post:

– renovated but structural problems. Structural problems cost a lot of money but do not add much to the PERCEIVED value of a property.

– 5% yield is not great and definetly not cashflow positive.

Both points hint in the same direction for…[Read more]