Hi guys
Thanks for all your help, and advice – It is most appreciated – Hubby and I are continuing with our plans which are becoming more defined and of course learning and reading heaps! The biggest decision is whether to sell or not to sell – If we sell now we know we won’t be able to buy another property for the same price as we paid for our original ones, and if we do sell it means that our mortgage payments will be reduced significantly as we have made a 50% profit on our rentals within the 6 months of having purchased them and have very low mortgages on them. We have great Long term tenants in 3 of our properties which we manage ourselves and have decided to sell 1 of the 5. The one we are unsure about is a beach property which is likely to increase in value over the next 5 years but having the extra equity now would be good. I know that there is always a good deal around the corner – it just comes down to how hard we are prepared to live it now – right?
Cheers
Tina