I need 100K urgently for an unexpected debt I have to pay. I also have to do renovations which would mean the loan would be 25-35K more. I have two units in prominent suburbs in Sydney and was not wanting to sell any of them for at least 5-10 years. The loan will take many years to pay off, a lot of interest, but would mean I get to keep both properties. Which is the smarter option- Sell one unit and use the proceeds to pay off debt, renovations etc .and reinvest the rest (wouldn't know where to begin) or get a loan for the 100k plus the extra for renovations and keep the investment property and be saddled with debt for quite awhile to come?