Forum Replies Created
$200k is that pretax or post tax? That is a lot of money either way, probably 8 times the pension amount. Do you really need this much as the less you need the quicker it will be. Also consider that there may be plenty of ways to make it more tax effective.
I want to be much much richer than the pention rate :-P & yeah I agree, i’m definitely going to be learning all the tricks to make this strategy executed way quicker and more tax effective as I go through each stage of the process i’m sure. I’m sure i’ll be tempted to become an active investor and do some cash flow positive deals or quick profit deals along the way to pay down debt.
5.5% may be a high figure to assume for dividends. I would use 4%
Growth for property and shares might be higherI was thinking here, that if I sold it all at the end, and had it in shares or cash rate or whatever I did with it (keep it as rent cash flows etc) that I would be aiming to get a least a 5.5% return on my assets in 2048. Maybe 4% as you suggest is more realistic, i’d like to get some more opinions on this to see what we all think.
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This reply was modified 6 years, 3 months ago by
kengw002.
exactly yeah, I dont think this is the kinda deal i’m looking at doing, but i’ve got my options open for learning about all kinds of deals at this point before I decide what my moves are!
Which directions do you think I should be looking to learn about next?
Where is money being made short/long term at the present time? What is most commonly being done at the moment would you say?
cheers Grant
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This reply was modified 6 years, 3 months ago by kengw002.
Hi Tom
did you end up doing this deal?
And how is it fairing?
I’ve just read over the whole thread, i’m left hanging ha ha
cheers
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This reply was modified 6 years, 3 months ago by kengw002.
Hey Bon, you mentioned that you now are looking at being an active investor with passive income as your strategy.
can you shed some more light on this direction for me, who you learnt this direction from? why that works better for you now, what it entails etc?
I’m trying to shortcut my learnings and understand the game as quick as possible so I can pick the direction I need to go in and not end up down a bunch of rabbit holes.
Thanks in advance for your help, and appreciate as much detail as you have time to give.
cheers Grant
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This reply was modified 6 years, 3 months ago by kengw002.
Congrats that’s going ok then I assume your happy with that?. I was thinking greenvale (if its the melbourne greenvale we are talking about I assume) has quite a lot of land around it on the north west side, as opposed to having built up property all around it.
so do you think its going ok due to them are releasing land quite slowly there and keeping demand above supply?
or any other reasons perhaps?
would you go with opencorp again? as earlier I noticed you perhaps werent quite so sure of them after the purchase due to being more educated.
But now has your opinion changed now the results are a bit more solid?
I’m in a similar position now, that you were in prior to purchasing with Opencorp and i’ve been speaking with them considering using them.
cheers for your thoughts
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This reply was modified 6 years, 3 months ago by
