All Topics / Help Needed! / A fork in the road – what would you do?

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  • Profile photo of BvMBvM
    Participant
    @bvm
    Join Date: 2005
    Post Count: 1
    February 21, 2005 - 10:15 am

    Hi – my first post here and I’m loving it! Im going crazy as I dont know where to go from here. Construction completion of my new home is due this month – not interested in moving into it. My situation is:

    Potential sale price: $ 385,000 approx
    4 bed, dlug, spec home located on Central Coast (NSW)
    Land purchased: Jan-04
    Potential weekly rental: $ 260
    Finance: $225K IO Loan = $1350 per month
    Salary: $65,000
    Age: 24

    IP Aims: To maximise income stream from my investments. I have an open mind about location & type of property.

    Any ideas would be greatly appreciated!

    BvM

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