We are now slap bang in the middle of a remortgage on one of our properties that should release a bit of equity needed for the purchase of the next property. And then then there is the added bonus of lowering the interest on the new deal and increasing our cashflow! Win win if all goes to plan.
This property had been a bit a problem child for me with lots of repairs and an initial high turnover of tenants eating away at all my profit. This should rectify all of that over the next year or two.
On a different note, I hope everyone has had a great Festive Season and are all eagerly looking forward to 2019. And to that special breed that has been spending their spare time in between the festivities working their plan, I raise my glass to you. Cheers!