Forum Replies Created
Hi Matt
Nice $ position you find yourself in! I think the decision about PPOR or IP is a personal one it's not up to me to tell you what to do.Re what/where to buy – why not consider using say half of the money as a deposit towards a small block of units. If you buy some with decent returns you will be cashflow positive and the lender will include the income from them in your servicing capacity? And they'd put money in your pocket each week.
Personally I like units because it reduces the risk of vacancy – we're not likely to have them all empty at once. Then there's the benefit of strataing and selling them individually in the future.
Keep doing your research – there's a mountain of information on this forum and also on other websites.
Cheers,
TraceyFor what it's worth I agree with Ryan. I look for houses which have extra land to add more dwellings or subdivide.
We do have strata titled units where we own the whole block which works ok too, no strata as we just pay for all the outgoings for the whole property. ( We will sell a couple of blocks on shortly though as they don't fit our long term strategy
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