Should I put the money with a fund manager or buy another property
after selling the existing property?
Q.
I have a Sydney unit which is earning $800/wk. I want to invest
another $500,000. Should I put the money with a fund manager or buy
another property after selling the existing property?
A.
You will need to decide whether you want to continue investing
in rental property or whether you want to move to shares and have
the decisions made by a full time fund manager. This is something
you have to decide for yourself, but a big factor in your decision
should be the skill you have shown to date in selecting well
located run down properties with good growth potential.
Each week financial advisor Noel Whittaker answers your
questions.
