I have an interesting question I’m hoping that some one will be able to give me some insight as to the best choice to make. I own my own home in a suburb close to Sydney. The property is valued at about 500,000 or so. I have been wanting to move for a long time—feeling that i need a change. I also want to but an investment property. So I thought if i sell i could use the money to purchase various investment properties. Should i sell but an unit to live in or rent and use all my capital to but invest ment properties. Want would be the best investment plane. Could some one suggest some thing.
carmen
Hello Carmen…
That is a BIG question.
You must take into account the following:
Age, health,job security, income, retired or when?
debts..if any, comfort zone, interest rates, has the market peaked? How would a 20% decline in prices effect you? What if rates went to 8%?Carmen the list can go on and on…
If you like, I will post you a (PFA) Personal Financial Assessment and you can complete your own self analysis. I could also assist you by email if you choose to share your situation with me.
email : [email protected]
Cheers..
Billfromoz
Bill O’MaraHello Carmen,
Good luck with whatever you decide. We have just sold our house (not quite unconditional yet) to use the funds on further investing. It feels great. There was a good post a few weeks ago called “Sell, rent and invest” or something similar – do a search, and have a read….
Just a word of caution about giving your “personal details” out to a total stranger” – BEWARE !!!
People sound friendly and helpful, but this is a public forum, and we don’t always know peoples motives…
Stranger danger!! [
][][]Good luck,[
]Del
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