Just got a quick query?
Last year I invested 100K thru’ a friend (all above board), I’m getting 14% return per month of which I need pay the Bank 7.27%.So I make a small profit but I think I would be better off investing this in a property,what does everyone think?[blush2]
Lending money can make good returns, but when you think about it, it cannot be leveraged.
So your $100,000 is returning you about $7000 pa. Not bad, but…
If you used $100,000 as deposits on 5 properties $100,000 and each grew 10%, then that is 5 x $10,000 = $50,000 in year 1.
Lending money is risky too.
Terryw
Discover Home Loans
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I agree with Terry however your current loan gives you a predicted amount per year. Property is a little more unpredictable you may get no growth for a few years and then takes off but the average is 10%. Further with property there are potential tax benefits
Wayne Skewes
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