They would lose their home. Now luckily my father and his brother stepped in to help pay for that holiday and pay off that equity line, so my grandparents did not lose that house, but imagine you are in a position where you wanted to go on.
A holiday, you decided that. you do not want to wait until you are too old, maybe you should sell a property so you can go on a holiday, would it be so much better to be able to sell an investment property than sell your own home. That is something that I think we should all think about when it comes to whether or not.
We would own an investment property www.valuationsqld.com.au on top of our own home because it is very unlikely that later in life you do not want to sell your own home.Lastly, it could be used as an inheritance for your children. So maybe you do not sell and maybe you keep it, it provides that great supplement for you, that great influx of cash and now when.
You come to the end of your life, that can then act as great inheritance or your child. So rather than them just getting your home or rather than them just getting whatever you have left, your furniture and photos, you might be able to leave a great investment mistake for your children to help them go on to bigger and better things and live a more financially successful life.
So you can obviously say that it can totally be worth having just one investment property. So if you believe that reaching for reaching for or reaching for properties is way out of your reach