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Hi to all,
Sorry for delayed reply, to byronent- Our 1st property was our previous house (a villa w/ 3 br) which we live for 5 years, then we move to our present house (a 4br)and rent out the previous house. Three years ago we bought the 2nd IP (a 2br townhouse). I’m thinking to sell the 2nd property as this is giving less income after expenses thought this has a potential capital growth for 3 yrs. thanks for your invitation to chat I might do that. Before I forgot tony wpb- this $1250/mth is base on $175K and garry is right this is on P/I at around that interest. Thanks to all your response it does give me something to think of, specially refinancing. Hope some more ideas would come, I really appreciate all the ideas you post. Again thanks.
Hi,
We tried to pull some money out from my Investment, but as PK said I can’t claim the interest in this portion cause this is not used for investment thanks for the opinion. I’ll try to read 0-130 property in 3.5 yrs. may be you”re right PK. Again, Thanks a lot for all opinion, hope some more opinion will be posted.
Thanks,
Hi Simon,
Sorry for not answering soon, our goal is to acquire investment property to help us in our retirement as we are getting old. I’m 54 and my wife is 50 and aside from that my daughter is only 11 yrs. old, but it seems with our situation to acquiring more investment is more difficult because the repayment of $2650/month is already more that one person salary. Now if we buy another investment with our income we could not afford to pay the repayment anymore. Could you suggest something? If you have any question, please do so and I’ll be happy to answer.
Thanks
Sonny
