PByrne0101
Registered User
- Messages
- 3
Yes, the other part-owner is open to selling next year. Neither of us are in public sector. The con in selling the investment property is that we would lose future rental income that could be used when we retire.Is selling the rental a runner ? Does the other 50% holder concur with this ? If it's a runner I'd say option 2 is correct. Are either of you in the public sector ? The cons you mention - pension: The best investment is to get your home paid for first (imo). Tracker: Rates can and probably will rise at some point.
Agree completely regarding property exposure. I think we'll almost certainly sell the investment property.For me the issue is the fact that you have pretty much all of your assets in the one asset class " Property " ... I would diversify into alternatives just to reduce your exposure. Plus your family needs will change shortly , better to maximize the enjoyment of family life in a suitable HOME over the next 20yrs than to exist in a location and property that are not your ideal when you have options.
The rental property is smaller and there is less scope for extending so we've ruled that out.I concur with Codogly and the first thing to do is to sell the rental. Is there any chance the rental is better suited to your needs and you could move there ? You could wait a while and move later as well.
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