ideally the rent is to cover the rent and expenses.bowl wrote:Agree. If your investment rent is covering most of the repayments then keep it....phil1818 wrote:Having investment properties is how you get ahead, it cost bugger all more because you have a tenant in them paying most of the mortgage then years down the track when you sell them and have more money then you know what to do with then it’s well worth itrb85 wrote:Without going down the path of personally talking about anyones individual circumstances it's got me stumped why people are in debt to not only have their primary place of residence but then another investment property or 3 on the side. Being in so much debt must not be good for peoples stress levels etc.
Any decision to relocate is obviously a personal one with many factors to consider but little to no mortgage is always a plus lets face it life is for living as much as you can.
Regret selling mine....now looking for another one....
I'm looking at a block of land that will be released to build on in 2020....
expenses run about 350 permonth plus any maintaince.
so depending on how much your interest only loan is plus expenses come close.