We have a contract on our block of land down in Tassie! It should go through no problems and, by the start of November, our consolidation phase becomes a reality. I hope to pay down our mortgage on our PPOR, with a view of increasing cash flow and a change to my investing strategy. I have been talking about this for a while and it's great to finally see the 'cash' materialise. We have also had some interest in our Ingham house, so hopefully things start moving forward even faster!
2 comments:
A favourable purchase will also improve the amount of cash flow you receive from the property. When you purchase an investment property for less than the market value, the amount of money you have to spend on the mortgage each month will decline as well.
Nice post...
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