W
WebBoard
Guest
From: Mike .
What to do?
From: Boyd
Date: 10/7/99
Time: 11:10:39 PM
I have a question, hopefully someone can give me some advice. My wife and I are in the RAAF, we live in subsidised housing for about $90 per week. We have 3 rental properties but have low equity in all of them. They are financed with P&I loans on a variable rate (I'm not really a fan of IO loans). I'm not sure whether to concentrate on building the equity in our current properties and borrow against them a little later on or to save a deposit and buy a fourth, having another iron in the fire so to speak.
I would feel a little more comfortable if we owned more of our houses, then we could use rental income to pay off further properties. But if we're busy paying our current loans, our future investment property is going up in price. What to do?
What to do?
From: Boyd
Date: 10/7/99
Time: 11:10:39 PM
I have a question, hopefully someone can give me some advice. My wife and I are in the RAAF, we live in subsidised housing for about $90 per week. We have 3 rental properties but have low equity in all of them. They are financed with P&I loans on a variable rate (I'm not really a fan of IO loans). I'm not sure whether to concentrate on building the equity in our current properties and borrow against them a little later on or to save a deposit and buy a fourth, having another iron in the fire so to speak.
I would feel a little more comfortable if we owned more of our houses, then we could use rental income to pay off further properties. But if we're busy paying our current loans, our future investment property is going up in price. What to do?
Last edited by a moderator: