My friend and I are in a unique position where we've both had extremely well paid jobs for a few years which are coming to an end and between us we're sitting on just over $500,000 AUD (let's assume $250,000 each.
We're going travelling shortly so expect to return with around $440,000ish. We will then be returning to Australia and potentially being jobless for a while.
The plan is to pool our money and buy a joint house in cash for around the $400,000 mark to live in and potentially rent out if our situations change.
Is this a good idea, or should we be looking at separately getting mortgages on our own property once we're back working? At this stage I think we are both looking for security as we are both 31 and investing for the first time.
Submitted May 04, 2017 at 07:40AM by pornnarnold http://ift.tt/2qIJmXg
