Hi,
if i could just ask a quetion, my partner and i built our personal home, its our only home, we want to get into investing, but with our mortgage so high at 600 per week, we couldnt start off with investing properly and was going to be a struggle to start, we couldnt quite afford to live in our house, so we are renting it out( the tenants are moving in in 3 weeks on a 1 year contract) at 560 per week. we could either top it up by 40 or get it on interest only and get an income off it, and we are going to rent a house for our selves to live in at 350 per week and look for a rental to buy and rent out. thats a savings of 210 per week just from doing that.
Just want a bit of feed back about it.
does anyone think thats a good idea?
if i could just ask a quetion, my partner and i built our personal home, its our only home, we want to get into investing, but with our mortgage so high at 600 per week, we couldnt start off with investing properly and was going to be a struggle to start, we couldnt quite afford to live in our house, so we are renting it out( the tenants are moving in in 3 weeks on a 1 year contract) at 560 per week. we could either top it up by 40 or get it on interest only and get an income off it, and we are going to rent a house for our selves to live in at 350 per week and look for a rental to buy and rent out. thats a savings of 210 per week just from doing that.
Just want a bit of feed back about it.
does anyone think thats a good idea?
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