All Topics / The Treasure Chest / re investment property

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  • Profile photo of wannabewannabe
    Member
    @wannabe
    Join Date: 2003
    Post Count: 16
    August 5, 2003 - 2:55 am

    Hi.
    we would realy like to talk about our investment property to hopefully gain some knowledge, we have had our investment property for12mths, its been in negative rent the whole time, we don’t know if we should sell or buy another to hopefully cover all costs, we have equity we can use, and can’t afford to keep paying extra each week on this 1st property.love to get some ideas.

    Profile photo of The DIY Dog WashThe DIY Dog Wash
    Member
    @the-diy-dog-wash
    Join Date: 2003
    Post Count: 696
    August 5, 2003 - 3:10 am

    Hi wannabe

    Welcome to the forum. You haev found the right path for the future of your investments. Knowledge is teh key to minimising risk and error, and you will find great knowledge here.

    My thoughts on your situation, work out what your goals, what are you trying to acheive by investing. Then you can determine if the property that you haev is going to get you to your goal.

    Spend time learning as it will build you confidence inte decision you will make.

    Good luck
    Leigh K[:D]

    Read, learn, grow but most of all do it.

    Profile photo of wannabewannabe
    Member
    @wannabe
    Join Date: 2003
    Post Count: 16
    August 5, 2003 - 3:58 am

    Hi theENJOLady
    Thanks for your thoughts, our goal is self to be selfsufficent in retirement, only 10yrs to do it, so therefore the race to sell or buy another, the first rent doesn’t cover all costs, so looking at will 2nd cover all.

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