All Topics / Help Needed! / In segment advice needed, $300k.

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  • Profile photo of TroyTroy
    Participant
    @troyjp
    Join Date: 2015
    Post Count: 15

    Hello,

    My partner has just received $300k in a property settlement and is looking to Invest it. She is currently unemployed so a loan to borrow property is out of the question, and I was made redundant last Friday so I’m no help either.

    The options we have looked at so far are.

    1. Leave it in a term deposit until she gets a job and can later borrow for an IP.

    2. Buy a cheaper IP like an older house or a unit, perhaps renovate to increase rental yields.

    3. Buy an apartment with guaranteed rental returns. Although ive been told this isn’t a good option.

    Not interested in shares or any other investment schemes.

    Any suggestions in what is the best option for her?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Do you have an existing loan and/or offset?

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of TroyTroy
    Participant
    @troyjp
    Join Date: 2015
    Post Count: 15

    No loans existing at all. We are both renting seperate properties too.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Maybe best to keep it in a high interest account for a bit and try to qualify for a loan.

    Best not to mingle her money with yours either as you may be able to lend to each other down the track – tax strategies.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 4 posts - 1 through 4 (of 4 total)

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