hi and thanks for your reply ,my situation is i have 3 rental properties 2 in syd area ,1 in nowra and with that one i also bought land ,which might i add has gone up in value greatly and i am happy it only took 8 months all rental ones just about cover my expenses .Now i am in the middle of buying 2 great ocean view lands side by side off the plan ,which i hope i will live in ,,in the not to distant future ,i would like to build on the other ,and then sell to pay for the other land
but i think ,firstly i should build in nowra so that could bring me income to service the loan and increase in eqity all in all i think i am heading in the right direction ,,what do you think ??Hi,
You ask:
quote:
…all i think i am heading in the right direction, what do you think ??I doubt your plan will eventuate in fincial freedom in the medium term, since you lack cashflow… but the real question is:
Are you getting what you want from your property investing?
If the answer is ‘yes’, then you are making progress towards your investing goal which I think is great.
If not… then reconsider what you are doing.
Bye
Steve McKnight
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Remember that success comes from doing things differently.
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Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
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