Jun 23, 2021 7:42 am
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
Re: Sell current investment property(unit) to buy new proper2
Jun 23, 2021 11:03 am
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.
Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs
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