Hi all. I’m new member and great to meet others with my same passion.
What would you do? I have a property that I’ve borrowed 60% on. I manage it myself. He has made changes to the property – garage doors, lights, taps, doors plus more. Any maintenance, he pays for it. He pays me cash in advance and is very nice.
Rent almost covers mortgage payments. I was expecting to wait a couple of years for that to change, as rents will rise (I believe), and I was going to hold on to it.
Should I sell and release money so that I can do some shopping and find say a two little deals, borrowing just 40%.
I have family financial commitments and general living expenses to constantly battle.
Can you help. Just read Steve’s latest book, and seems I’m going the wrong way.
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