All Topics / Help Needed! / cross roads – which way – has any one done this

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  • Profile photo of penti99penti99
    Member
    @penti99
    Join Date: 2010
    Post Count: 21
    hi guys

    I have started my research in country vic ..

    so far so good

    thanks for all your advise 

    jamie , richard  and others

    but after speaking to friends and family — hit a dead end

    i will keep it breif

    my scenario :

    have a ppor ( pi loan )

    goals/would like to do ( in next 5-7 years )

    acquire 2 ip's ( less than 200 K – as that the max i can afford – considering everything )

    continue to pay off ppor

    i have to move overseas after 5-7 years ( family reasons ) and will be visiting here

    generate a passive income cash flow into my bank account

    of 2000/month

    SO BASICALLY LOOKING FOR IP'S WHICH CAN PAY THEMSELVES( and positive cash flow by the time I move ) AND RENT OUT PPOR BY THE TIME I move

    if needed ( to settle down overseas) sell my ppor or one of my IP and transfer the monies to my overseas account

    my questions

    I have been discussing this my close mates – there are two sides of this coin

    some say – why the hassle of buying here and moving there when ur final destination is overseas ( India)

    they say I will loose heaps during transaction ( If i sell the prop here )

    Instead buy there ( India ) and much less headache

    pros and cons of buying there

    rental yeild : very very less ( u can forget about it)

    but good CG

    the other side of coin says : go ahead with ur plan and take advantage of currency division

    has any one done this

    need some good advise so that I can start

    the point is to generate that passive income of 2000/month ( just simply cant start right from the scrambles after I move to overseas – 2000 would help to settle down )

    can I achieve my target by looking at other avenues – other than prop – If so what are they

    all ears

    thanks heaps once again

    sri

    Profile photo of crustycrusty
    Participant
    @crusty
    Join Date: 2010
    Post Count: 127

    So Sri what your saying is you want to buy property that yeilds over 15% ,  let me know when you find some. I will take some,
      I would expect you might have to lower your expectations.

    Profile photo of NHGNHG
    Member
    @nhg
    Join Date: 2010
    Post Count: 198

    Perhaps look at share trading?
    You can handle your accounts from overseas quite easily, more chance your going to hit the 15% returns your looking for (my mates were more than doubling their money when they started now at 25-40% returns).

    Might suit your situation much better.

    I started with share trading a year or so ago and made enough to travel and buy a few things etc. but honestly it makes no sense to me.

    However if your interested try books like:
    – Rule Number 1 by Phil Town
    – The Intelligent Investor by Benjamin Graham
    – Competitive Strategy by Michael Porter
    – Inside Secrets to Venture Capital

    etc…

    Profile photo of MarthamelMarthamel
    Member
    @marthamel
    Join Date: 2010
    Post Count: 49

    Or head to the USA – can get that sort of cashflow over there. Don't even have to leave Australia to do it :D

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