HI,
I want to buy an investment property (home) in Sydney which is around $1.2 mil
I have an existing investment property - unit value - around 600K - all paid off - renting at $450/week
What is better
1-to sell the unit and use the money to buy the new investment property
2-to buy the new investment property and keep the unit as the current investment property
please suggest..
thanks
Sell current investment property(unit) to buy new property(h
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Home units rely on property price fluctuations and inflation.
Developing investment properties involves adding value and offer 3-5 Times the return while you have better control.
LOL most hang on ( emotional tie) to units until they are ready to fall down and then realise they can't afford to rebuild them.
goodluck
Developing investment properties involves adding value and offer 3-5 Times the return while you have better control.
LOL most hang on ( emotional tie) to units until they are ready to fall down and then realise they can't afford to rebuild them.
goodluck
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