Hi,
I am coming on 30 very soon.I have 1 house with a mortgage of 150000 over 30 years, which is rented out. i have another house which i am buying with a friend to live in which will be ready in the next few months.The first house now which i bought 2 years ago is valued at 215000 and the current house i am buying was bought for 195000 and is valued at 215000 also so my total mortgage debt is 250000.I have no pension and my houses are my only real investments.My mortgage payments are high for me and i will just get by.
This year i am planning on doing some extra work to help raise my yearly salary.So i am thinking of starting a Fund. I am pretty new to this and i would be very grateful if anyone could look at my current situation and point me in the right direction as to what is the way forward for me.
thanks
I am coming on 30 very soon.I have 1 house with a mortgage of 150000 over 30 years, which is rented out. i have another house which i am buying with a friend to live in which will be ready in the next few months.The first house now which i bought 2 years ago is valued at 215000 and the current house i am buying was bought for 195000 and is valued at 215000 also so my total mortgage debt is 250000.I have no pension and my houses are my only real investments.My mortgage payments are high for me and i will just get by.
This year i am planning on doing some extra work to help raise my yearly salary.So i am thinking of starting a Fund. I am pretty new to this and i would be very grateful if anyone could look at my current situation and point me in the right direction as to what is the way forward for me.
thanks
