M
menno
New Member
Hi,
Lets say I have 2 properties, both bought in a lowprices period;
I am renting out the smaller property as a side info
As now the market in my country is turning out good, I could sell one of the properties.
But the thing is; In order to keep investing, I would have to buy another hi-priced property, so I might as well just keep it..
Now my question is, are there any strategies known to "spiral" out of this market dynamic ?
Are there ways to use, having multiple properties, to one's advantage ?
I have been thinking, if I sell the smaller property in a hi-prices period, I might pay off the bigger property,
But does this actually add any extra value/capital ?
One thing is for sure, if I wait for a low priced period, I will not be able to pay off the bigger property with the
smaller property. But what does this tell me ? nothing really .. I could also just put the money on the bank
instead of paying off anyway, right ?
Ok any thoughts and expertises are welcome !!
Lets say I have 2 properties, both bought in a lowprices period;
I am renting out the smaller property as a side info
As now the market in my country is turning out good, I could sell one of the properties.
But the thing is; In order to keep investing, I would have to buy another hi-priced property, so I might as well just keep it..
Now my question is, are there any strategies known to "spiral" out of this market dynamic ?
Are there ways to use, having multiple properties, to one's advantage ?
I have been thinking, if I sell the smaller property in a hi-prices period, I might pay off the bigger property,
But does this actually add any extra value/capital ?
One thing is for sure, if I wait for a low priced period, I will not be able to pay off the bigger property with the
smaller property. But what does this tell me ? nothing really .. I could also just put the money on the bank
instead of paying off anyway, right ?
Ok any thoughts and expertises are welcome !!