New Year investment cleaning

Ridge Runner

New member
Joined
Sep 21, 2003
Messages
2,142
Location
On the ridge
Looking for some financial advise here.. We have two investment properties in Australia, one a rental that we have had on the market and one a piece of land overlooking the Whitsunday islands. We also have the home we are living at the moment here in the states. Plan was to someday return to Aus as the wife being Australian but the plans have changed as she has now fell in love with northern hemisphere. We have a buyer for the rental and have the land on the market. Plan is to sell both but do not know what to do with the cash from the sales? Do we put it in a savings? pay down on the loan of the property we are living? Keep it in a savings down under and see if the dollar gets better or bring it to the US and put it in something here? Anyways that is where we are at so any ideas would be aprreciated. With body corporate and council rates down under under going up we are just getting to stretched to hang on to them and my feeling is it is going to get worse in Aus. Getting a good price at the moment for the rental so feel now is the time to re adjust. Any info and feedback will be great.

Thanks
 

elk_hunter

New member
Joined
Jun 8, 2007
Messages
3,893
Location
Not close enough to Montana
Wire that money back here to the states and use most of it to pay down principal on the property you have here. Or consider buying a rental unit or something that would generate income for you. Definitely partition some money aside for a rainy day fund, if you don't already have one.
 
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