How would u spend $250,000 cash?

I reckon do something else currently not listed.

Now the below rough opinion is solely dependent on your better half and how much dross she will put up with of course. This stops most couples stone dead on this high speed track.

1. Go and buy the worst hovel in Hovellsville – pay cash, move in.
2. Slowly renovate at your lifestyle leisure, but only up to about 90% of the next worst house in the street.
3. Use the rest of your funds and the title deed from Hovellsville for purchasing high growth and high yielding industrial complexes with a large land component.

As I said, most people won’t tackle it, and the wife’s girly friends will convince her in a New York minute to dump your crazy proposition.

But….it worked for us….and a year or two later when we shifted PPoR’s to a suburb they couldn’t afford to live in, their initial snide put downs turned to snide jealousy…..either way you can’t win.

Do what’s best for you and your partner…..who cares what we think ??? We have no clue as to what dictates your decision making structure.

P.S. I love having my tree shaken. [biggrin]

hi PHILandGEN98
don’t shake my tree.
first off a ppor is good if you are going to buy add something and then sell as you have no cgt and is a highway to making money,
you can rent and gear your money look at.
if I gave you 1 mil and see what you can do with leveraging.
sorry but this is a highway you are on and lots of people are also on this road and if your a hitchhiker ( and i’ve been one) and you put your finger up for a lift( which you have) and someone isn’t going your way then you say as I do thanks and go to the next bit of advice.
you are really asking hows long a piece of string or really how longs a piece of string and where can I get that lenght.
as for mentor or guru I’m not one for recommeding any as a guru is gee you are you and mentors are like hens teeth.
both of which I’m not.
If your going to become a trader in property the costs will kill you and the return after cost are not that great either.
some people here are traders put there systems are in place and there costs worked out.
My advice even thou I don’t like to go with dazzling is thats the road to take
but first work out what and how your going to do it.
example
would you post on extreme live styles looking at climbing everest can any one give me a few clues on how to do it.
no
do research on what you want to do and cut down on the do this, do that,
focus is very important in anything you do.
my .002

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Hello Phil

Generally I think Dazzling is on the right track . You have to do something different. Remember success comes from doing things differently .

The options you have outlined for yourself seem too sterile to me .

That’s what I think .

Now what about instead of going the industial path after you have secured the renovators delight down in Drossville you look seriously at starting or buying a business.

I note that you are 27 and list your occupation as a tiler. Give the tiling away mate . [winking] Pick the right business and when the profits come , stump them up as deposits on property .

I don’t know why anyone would work for 250k a year when you could start your own business ! Some businesses make so much money so quickly it is staggering . It’s called alchemy[/b] [biggrin]

My thoughts

hi dazzling
not been called a sweety for a while maybe you need to have a chat with a couple of lender this week and a liquidator that said he had no interest in my offer as it had the dot between the ooo wrong will wait for him to come back,
as for going to perth been there and if the lend comes thru maybe doing a little development over there sent out to lenders and waiting for it to come back.
The cleaning business went some time ago I kept the email address as they changed the name when they bought it.
and Pursefattener couple of thing about business
95% close with in the first year the the rest another 2% the second hence if you get thru two years the banks like you also that why the banks want 3 year company tax returns cos if you got these you should be safe.
second the main thing about business is not tiler, plumber or cook its cash flow you st-ff this up and you gone make sure you keep your finger on the till this is the biggest killer of any business, the second is the tax man no business is killed by customers or lack of then but it customers that think your are a 9 or 12 month credit account this is what you need to keep under control.
my .002

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sorry to say this but I have a couple of businesses and you right there is nothing new here because they way a business is run and works there is nothing new about it you can have a dot .com business and if you run it as most business are run and have been run many years it will work.
people go into business with rose colour glass ( we would love to be like him)the trouble is they forget that he is up till 11 at night and up again at 6.00 and his kids ask why does your phone never stop ringing and you can’t just close your business an dwalk away.
so not new no it not but maybe a couple of people here that have a business can let you know

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id take it to the casino and put it all on black.

[thumbsupanim]

I know you didnt ask for career advice mate but I have a mate who’s a tiler in your neck of the woods, old school, goes hard, old time hard man, you’ll know what sort of money he’s on…

Me, I’ll always do something with trees and a chainsaw HA! They would all flip at the dollar we get wouldnt they mate…

$250K Sounds like a yacht to me, Gross and me are toying with me skippering his, maybe we could get another 20′ with your $250K jump on board we tile and tree work around the coast while Gross cuts the prop deals with the sat nav off the laptop, sounds like a plan man…

“ask and you shall recieve”

Sincerely, Jarrah

++CASH FLOW PROPERTY HUNTER
(your not hunting if your not hungry)

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