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Updated over 10 years ago,
Moving to London: buy a house or save the cash?
I'm moving to London for my day job and selling both family vehicles. I'll have a little over 20k from the proceeds. Do I?
1. Save the cash to buy cars when we return in two years?
2. Buy a house and use the cash flow to buy cars when we get back?
We currently have two properties. 1 leased and cash flowing around 300 a month and the second currently leased but tenant is moving out July 15th so I'll need a new tenant and some quick repairs. Should cash flow 300 a month when it's rented august 1. Plenty of interest so I'm not concerned about getting it filled. We have family that manage the properties while were gone.
Any advice is appreciated!