Forum Replies Created
Hi,
I had an older IP too that was just one painful and expensive repair after another. The phone would ring and I would dread it being the real estate agent with another disaster. I sold and and it was like taking an enormous weight off my shoulders. I would probably offload the worst of them before you get “past it” and/or maybe put some money aside in a special big repairs kitty.
Investment should be not only a form of income or equity but a means to relax in our sunset years. If it causes worry then it is not a good investment anymore. Plenty more fish in the sea!
Cheers
Caroline[exhappy]Hi,
I am a new investor too. Do you have any equity in the property you owe? Maybe get a valuation that you can use to borrow from. Otherwise I think the answer is just hard slog saving. You could sink it into shares to move it along. Anything in Asia seems to be going great guns right now. But that of course is taking a punt. If you want something safer – blue chip shares or term deposits. Or buy a lotto ticket?! It is amazing how quickly the funds build up. If you can get a long settlement then you can save the rest whilst waiting for the property to settle. Hope that gives you a few ideas.
Cheers
Caroline[exhappy]Thanks everyone for your comments. I just want to expand on the stay at home thing since it has fired you all up. I actually get asked a lot “so you dont work ?” to which my standard reply is ‘yes I am always working but I just dont get paid”. I dont work because it is just not possible. My youngest baby is 10months and I have 3 under 5yrs. Add to that a husband who jets off at a moments notice and I have no family to support me. I am a nurse. I just cant make it work right now. And nor do I want the hassle. My husband is a high earning corporate and it is also financially comfortable for us. But I cant see our accounts, have no income or power and that is my point. The right to go it alone.
