Hi Paul,

I am interested in your financial advice program and today I would like to consult with you regarding to my investment property.: I am 51 years old now, a single Mum and living with my only child at my own house, I have 1 investment property which was bought in mid year 2022 (3 years ago). As this investment house does not yield yet, it was built in 1975 ( that means 50 years old house already), i am renting out and the monthly rental payment is $1862 just enough to pay monthly interest. Now I am wondering whether I should sell it now while the house market is increasing or wait for more 4 or 5 years? or hold the investment property for my child to inherit (the home loan will end in more 27 years, and the house will be very old after more 27 years). I am confusing to make such decision? If I sell it now (when i am still working and having income, regular salary from current job) I do not know where to keep such amount of money? ( Put in the bank does not yield much).

Please give an advices. Thanks for your time!

Kind regards

From Linh Ng.

Reply to article

For original story, Click Here.