answered
Q: Hi,
My husband and I have a property worth around 900,000. We owe the bank approx 450,000.
Should we rent the property and use caladeral to purchase new property? Rental income would be around $450 per week.
Or shoukd we sell and but another property outright?
We also have savings of $100,000 to put towards an investment
Any ideas please
Thank you
A: Hi Andrew,
The property will likey gonup in value as appose to where we would like to buy. We are looking at property between Bairnsdale and Paynesville.
My parents are that way.
We are in our early 40's and just want to make the mive now rather than ten years time.
We have been in this hoyse 12 months since financing it and five years all up.
I finished work lat year and we are in combined income of 3200 a fortnight.
Would love to see some numbers and ideas from you
Regards
Belinda
answered
Q: Hi,
My husband and I have a property worth around 900,000. We owe the bank approx 450,000.
Should we rent the property and use caladeral to purchase new property? Rental income would be around $450 per week.
Or shoukd we sell and but another property outright?
We also have savings of $100,000 to put towards an investment
Any ideas please
Thank you
A: Thank you Scott much appreciated.
answered
Q: Hi,
My husband and I have a property worth around 900,000. We owe the bank approx 450,000.
Should we rent the property and use caladeral to purchase new property? Rental income would be around $450 per week.
Or shoukd we sell and but another property outright?
We also have savings of $100,000 to put towards an investment
Any ideas please
Thank you
A: Hi Scott thank you
We are one income for the last year. I ceased work due to the higher demands of caring for our daughter with Diwn Syndrome.
We would like to make a move to the country and would require approx 450,000 for the property we want. My husband would have to leave work to make the move. Then find work. Thats ehy we are not sure to keep the property and rent or sell and buy a new ine outright with no mortgage until my husband finds work then invest using calladeral in new owned property.
Too many devisions and not enough financial knowledge
question
Q: Hi,
My husband and I have a property worth around 900,000. We owe the bank approx 450,000.
Should we rent the property and use caladeral to purchase new property? Rental income would be around $450 per week.
Or shoukd we sell and but another property outright?
We also have savings of $100,000 to put towards an investment
Any ideas please
Thank you
