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ppsp
Guest
Hi there,
Would anybody have any advice on what should be our next move! Husband and I have just bought our first investment property which was under €200,000. Took out an interest only mortgage to start with but should have a monthly surplus of €150 which will go towards paying off our own mortgage. Have possibly €200,000 equity on our own house together with another cash deposit on a property up to the value of €200,000. Want to try and build up a porfolio of properties but unsure about how we should go about funding the next project. Should we use the cash or release the equity? Has anybody been in a similar situation. All advice very welcome.
ppsp
Would anybody have any advice on what should be our next move! Husband and I have just bought our first investment property which was under €200,000. Took out an interest only mortgage to start with but should have a monthly surplus of €150 which will go towards paying off our own mortgage. Have possibly €200,000 equity on our own house together with another cash deposit on a property up to the value of €200,000. Want to try and build up a porfolio of properties but unsure about how we should go about funding the next project. Should we use the cash or release the equity? Has anybody been in a similar situation. All advice very welcome.
ppsp