Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of jackie5jackie5
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    @jackie5
    Join Date: 2004
    Post Count: 3

    Hi there!

    If you had $200k cash but no job, no home how would you invest in property and build wealth beyond your imagination? [:)]

    Thank you.
    Jackie

    Profile photo of Rags2RichesRags2Riches
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    @rags2riches
    Join Date: 2003
    Post Count: 28
    Profile photo of Prop16Prop16
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    @prop16
    Join Date: 2003
    Post Count: 145
    Profile photo of melbearmelbear
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    @melbear
    Join Date: 2003
    Post Count: 2,429

    Hey Rags – is that how you are achieving? [:)] LOL

    Jackie, you could do as MiniMogul has done, and buy 4 or 5 properties in NZ, that will provide a nice positive cashflow?

    Once you’ve got that income happening, you might then be able to get some finance against them.

    Or search for some here in Aus that are in the cheaper price ranges that are positive. Or go for a NoDoc loan where your $200K could be a very big deposit.

    Talk to a Mortgage Broker and see what your finance options are before you do anything else.

    Cheers
    Mel

    Profile photo of JetDollarsJetDollars
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    @jetdollars
    Join Date: 2003
    Post Count: 2,435
    Originally posted by jackie5:

    Hi there!

    If you had $200k cash but no job, no home how would you invest in property and build wealth beyond your imagination? [:)]

    Thank you.
    Jackie

    You can do a joint venture with other people who don’t have money but have time to source out property where you have the cash for deposit.

    Warm Regards

    ChanDollars
    [Keep going, you’re on your way to Frolic Freedom!]

    Profile photo of elveselves
    Member
    @elves
    Join Date: 2003
    Post Count: 507

    whatever you do, dont waste it! It is easy to spend it if you dont have a strong will, or if it isnt secure.

Viewing 6 posts - 1 through 6 (of 6 total)

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