Hi all,
Just wondering if anyone can recommend a good financial planner in Perth? I found some threads about this but latest was a couple years old, bascially just needing a more educated opinion on where to go from here...I will post details below for anyone wanting to have a crack in offering advice or observations/opinions through the forum.
property #1 - Newcastle
loan 220k
value (last bank valuation) 250k
(IP until recently however will be home as of January)
property #2 - Sth Hedland WA
loan 555k
value (based on comparable sales) 950k+
(due for completion in about a month, rental potential $2000-2200/wk)
Basically that's it on the property side, however just not sure what to do with property#2? Originally the plan was to sell & pay off prop#1 as both myself and my partner are moving back to Newcastle in January so the idea of living in a home with no mortgage was beyond our initial dream. However now (and admittedly as I educate myself more and more about PI) I'm thinking about the long term picture and not sure sellng is the right move, then again I get a little voice telling me not to be greedy! lol I have come up with a bunch of scenarios and but I've started to think I need an outside opinion to help me work through the pros and cons....and seeing as my other isn't financially inclined at all I'm feeling a bit out on a limb at the moment...
Just wondering if anyone can recommend a good financial planner in Perth? I found some threads about this but latest was a couple years old, bascially just needing a more educated opinion on where to go from here...I will post details below for anyone wanting to have a crack in offering advice or observations/opinions through the forum.
property #1 - Newcastle
loan 220k
value (last bank valuation) 250k
(IP until recently however will be home as of January)
property #2 - Sth Hedland WA
loan 555k
value (based on comparable sales) 950k+
(due for completion in about a month, rental potential $2000-2200/wk)
Basically that's it on the property side, however just not sure what to do with property#2? Originally the plan was to sell & pay off prop#1 as both myself and my partner are moving back to Newcastle in January so the idea of living in a home with no mortgage was beyond our initial dream. However now (and admittedly as I educate myself more and more about PI) I'm thinking about the long term picture and not sure sellng is the right move, then again I get a little voice telling me not to be greedy! lol I have come up with a bunch of scenarios and but I've started to think I need an outside opinion to help me work through the pros and cons....and seeing as my other isn't financially inclined at all I'm feeling a bit out on a limb at the moment...