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Would i gain by selling my investment property?


i have an investment property which i owe $95k on. i bought it for $135k and could sell it for $450k conservatively. if i sell it after i pay the $95k and the capital gains i would have say $300k which i could use to pay off some of my $690k mortgage on the house i live in and own with my partner. if i do this i would save approx $460k in interest over the next 30years (i think). but then i wouldn't have an investment property which would be earning me money forever.

so would i be better off to sell the property and save a lot of money in interest which would allow me to do other things such as have a baby? or should i keep the investment property for its never ending income.

the property makes approx $8k per year after expenses.

A means to an end.
At the end, you can't take it with you.

As for you question, If you got rid of half of your home mortgage as a result of selling your investment, you would be doing pretty well, and then of course you can go out and buy another investment, it will grow in value over time too, just like the first house.

in my previous experience, if you sell a property just to think of paying off mortgage or other debts, i think you wouldn't gain. it will just come off as a loss or if you play the price right just break even. think about other options, an investment is very hard to put up and start from scratch again

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