Hi Everyone,
Due to an estate settlement I will soon have a 70% share in a unit at Ryde, Sydney which is not mortgaged. I'm not keen on units so the plan was to sell and use the cash along with other equity to help fund the purchase of either "multiple" houses or possibly a small development.
With very low rental rates in Sydney at the moment, it got me thinking whether consideration should be given to buying out the other beneficiary and keeping the unit. After crunching the numbers I would have a modest +cash flow property
Any opinions ??
"With very low rental rates in Sydney at the moment"
oops!! meant to say "with vacancy rates very low and rent on the rise in Sydney at the moment"
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