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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NonameWhat size and inclusions for a investment property build?What size and inclusions for a investment property build?
if its investment, whatever size an dformat you choose, use hardwearing surfaces. Dont put wood or veneer floors in. Go tile. Dont cheap out on carpet, but dont get wool…