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Hey Fella’s,
Thankyou so much, you have given me some real insight and things are starting to look a little clearer.
Yes i very much agree with you Michael, i did over do it on the 3rd house.. I really should not have stepped into that committment, at the time i didnt but you know us girls….. when it comes to shopping and a good bargin we cant say no.. but i have learnt my lesson!
Id like to keep the good tenants definately..as they are in the best property of the3… the worst tenant unfortunately will have to stay until the lease runs out as i have only had the 3rd place since december 04. would it matter that id be selling the main property that is the security for the other 2? unfortunately my broker didnt listen to me when I explained to him how i wanted my investments structured… i gather he takes me for the pretty blonde who wants to play dressups as an investor *frowns* so they are all linked….
so keeping the investments long term should be the way to go. I guess i have been given too much info from family on managed funds and their returns etc etc. Being tempted by the NOW returns is what has me interested but still i love property far too much.
Think big and success is yours always!
I guess the logical answer to this one is .. you have to show the bank that you can service the loan. Someone has to pay for the loan when there are no tenants in or if rent being paid doesnt cover your loan. Remember having an investment property is more than just covering the loan, dont forget your other expenses, certainly and income is going to prevent stress on your own standard of living when maintaining an investment property.[angel]
Think big and success is yours always!
