@terryw with the 20k instant ride off, for a business is a start move to funnel through rent to owns on lease, so then you get the depreciation, reduce income for business and get the returns from those leases?
Have you thought about this? View
happy to have a chat and answer all questions for you.
to answer your question super briefly, I would suggest understanding your current position (e.g. 1 mil cash, 0 IP (Investment Properties) and the end goal lets say its 5 investment properties that return 9%+ with a value of 1.4mil return after expenses $120,000 PA) for you to live off for the rest of your life or to manage the properties and grow that to $200k PA 5 years after that.
feel free to pm me details and we can arrange a time.
simple answer there are better investments, for e.g. there is rd4 zoning in nerang if you in a position I can source a deal that would kill 99.5% of deals you find in upper coomera
I just missed out
RD5 zoning (up to 23m build)
$399,000 purchase
$800,000 build cost
=1.2+10%
=1.4 to be harsh
4×420,000 (2b2b study)
1×650,000 (2b 3b study and full floor)
$2,330,000
-1.4m expenses
=around a mil profit.
If you want to make average returns and maybe some average growth then go a standard house upper coomera, but there are far better deals.
This reply was modified 6 years, 11 months ago by Jaxon.
gold coast town planning, you can build an extra 25m2 off the original plan with little application cost and easy tick through, that could turn a 2b1b to a 4b2b and make you easy profit
Why not
shares- you do not control anything unless your a whale, your along for the ride (unless you know or think you know what your doing)
crypto-currency-So I have studied this in depth, we only need 1 or two, so all the rest are going to crash, Instead of buying them, buy miners and mine and make money off that. far more profitable.
capital figure in the bank-if you want to make 3-5% return sure.
Look all of those have up and downsides, I think there are far greater returns and more importantly control in property, unless your worth 10m+ then some of those options make more sense. or if you can diversify correctly.
Simple answer
if your a good cook- be a chef
if your a good builder – build
if your a good farmer – dont try win it all on the share market
be good as your craft, understand it and know how to use it to your advantage.
as above I covered this. (its based on the price I get it for)
All returns are based on sales prices (purchase price) and rents for those areas (I try to be as on the point, not conservative and not optimistic(rent wise)
anythings possible, but generally you need to work for amazing returns