Sydney PPOR: Sell or Rent

Discussion in 'Investment Strategy' started by Jason98, 19th Jun, 2018.

Join Australia's most dynamic and respected property investment community
Page 2 of 2
  1. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    Not so much scared of of as just refusing to pay in the order of $50K to change out of one property into another. That’s a lot of hard won equity to trash.
     
    Propertunity, 19th Jun, 2018
    #21
  2. Morgs

    Morgs Well-Known Member Business Member

    Joined:
    7th Dec, 2017
    Posts:
    1,812
    Location:
    Sydney NSW
    I totally understand that position, but if you trade out of the old security (which has no value add left) & into a new security, and create $200k of equity by adding value then I find it easy to overcome :)
     
    Morgs, 20th Jun, 2018
    #22
Page 2 of 2