All Topics / Help Needed! / build or sell

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  • Profile photo of jackssonjacksson
    Member
    @jacksson
    Join Date: 2006
    Post Count: 4

    My husband and I owe 290,000 on our house and 83000 on a block of land of which we have approx 40000 tied up. We are in a dilemma as to whether to sell the block or spend 12 months building ending up with a break even income property. Do we build, sell the block and try and buy an already established house?

    Profile photo of Kipper57Kipper57
    Member
    @kipper57
    Join Date: 2006
    Post Count: 252
    My husband and I owe 290,000 on our house and 83000 on a block of land of which we have approx 40000 tied up. We are in a dilemma as to whether to sell the block or spend 12 months building ending up with a break even income property. Do we build, sell the block and try and buy an already established house?

    Is the block of land valued at 83k or is this the loan?? as you then go on to say you have 40k tied up. Yes the big delima build or buy not sure all the hassle that goes with building is worth it, unless you are clever enough to do a lot of it yourself. I suppose the advanatages can be you choose everything but is this necessary with an investment property?

    Wayne Skewes
    Mortgage Broker
    Email [email protected]
    http://www.eaussie.com.au/Mortgages/Aussie_Mortgage_Adviser.asp?ContentID=852280
    Refinace, Loan Consolidation, Owner Occupied or Investment Finance. Free Service I come to you!

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