100K from Property Sale

Discussion in 'Investment Strategy' started by 3rdEarl, 21st Mar, 2021.

Join Australia's most dynamic and respected property investment community
Page 1 of 2
  1. 3rdEarl

    3rdEarl Well-Known Member

    Joined:
    30th Dec, 2019
    Posts:
    89
    Location:
    Brisbane
    What do I do with it besides self sabotaging by leaving it in a bank? Brisbane based property investment self learner :)

    Thank you
     
    3rdEarl, 21st Mar, 2021
    #1
  2. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

    Joined:
    23rd Aug, 2015
    Posts:
    1,568
    Location:
    Bella Vista
    Endless...probably can buy you 1.5 bitcoins.

    Jokes
     
    Tony Xia, 23rd Mar, 2021
    #2
  3. Stoffo

    Stoffo Well-Known Member

    Joined:
    14th Jul, 2016
    Posts:
    5,328
    Location:
    In the Tweed
    Or 100,000 $1 coffee's

    Do you have short term or long term plans for these funds ?
    No offset somewhere to park the funds ?
     
    Stoffo, 23rd Mar, 2021
    #3
  4. Propin

    Propin Well-Known Member

    Joined:
    7th Mar, 2016
    Posts:
    3,660
    Location:
    Perth
    Call your accountant
     
    Propin, 23rd Mar, 2021
    #4
  5. thunderstrike888

    thunderstrike888 Well-Known Member

    Joined:
    6th Jan, 2021
    Posts:
    2,018
    Location:
    Sydney
    Be more greedy and buy another property. $100k is not enough to change your life.
     
    thunderstrike888, 27th Mar, 2021
    #5
  6. Spad

    Spad Well-Known Member

    Joined:
    13th Dec, 2016
    Posts:
    100
    Location:
    Sydney
    Why did you sell? What was your plan for the money?
     
    Spad, 28th Mar, 2021
    #6
  7. skater

    skater Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    10,254
    Location:
    Sydney? Gold Coast?
    Buy more property. Buy some shares. Lots of choices.
     
    skater, 28th Mar, 2021
    #7
  8. Ruby Tuesday

    Ruby Tuesday Well-Known Member

    Joined:
    8th Mar, 2021
    Posts:
    1,479
    Location:
    Danistan
    Buy a house with 50%LVR, could give you $ 600 a month to DCA into shares, or borrow another 60k to put into sharemarket, business startup. spend in pub or on a holiday 100k is enough to change your life, it is not how much you have but what you do with it.
     
    Ruby Tuesday, 28th Mar, 2021
    #8
  9. boganfromlogan

    boganfromlogan Well-Known Member

    Joined:
    10th Jan, 2017
    Posts:
    3,332
    Location:
    Brisbane
    Buy a fast car, with red stripes down the side. Take all your friends to Whitsundays for a boozy weekend, keep some so you can post bail if someone misbehaves.
     
    boganfromlogan, 28th Mar, 2021
    #9
    Clean Cookie, craigc, 3rdEarl and 1 other person like this.
  10. 3rdEarl

    3rdEarl Well-Known Member

    Joined:
    30th Dec, 2019
    Posts:
    89
    Location:
    Brisbane
    Thanks for all your advice. I decided to buy a commodore and move to stabrador

    Ps... I need a decent financial adviser so have been searching.
     
    3rdEarl, 31st Mar, 2021
    #10
    Codie and Clean Cookie like this.
  11. jaybean

    jaybean Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    4,752
    Location:
    Here!
    That's pretty financially irresponsible...unless it has stripes?
     
    jaybean, 31st Mar, 2021
    #11
    boganfromlogan and 3rdEarl like this.
  12. 3rdEarl

    3rdEarl Well-Known Member

    Joined:
    30th Dec, 2019
    Posts:
    89
    Location:
    Brisbane
    Blue stripes. Up the blues.
     
    3rdEarl, 31st Mar, 2021
    #12
    boganfromlogan likes this.
  13. boganfromlogan

    boganfromlogan Well-Known Member

    Joined:
    10th Jan, 2017
    Posts:
    3,332
    Location:
    Brisbane
    Although i have an issue with the colour of the stripes, i do like the overall approach.
     
    boganfromlogan, 31st Mar, 2021
    #13
    3rdEarl likes this.
  14. craigc

    craigc Well-Known Member

    Joined:
    25th Jun, 2016
    Posts:
    1,592
    Location:
    Melbourne
    If you actually bought a late model V8 Commodore the return as an investment would be incredible.

    @datto would also be your new bestie!
     
    craigc, 4th Apr, 2021
    #14
    Clean Cookie and datto like this.
  15. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt
    What’s his number?

    The man is a genius.
     
    Last edited: 4th Apr, 2021
    datto, 4th Apr, 2021
    #15
    3rdEarl and craigc like this.
  16. geoffw

    geoffw Moderator Staff Member

    Joined:
    15th Jun, 2015
    Posts:
    11,673
    Location:
    Newcastle
    Ensure you've made provision for CGT.
     
    geoffw, 4th Apr, 2021
    #16
  17. The Prestige

    The Prestige Well-Known Member

    Joined:
    18th Jul, 2018
    Posts:
    140
    Location:
    Newcastle
    I feel this thread was made for you @datto

    Really depends on your risk profile. If you put it into Bitcoin you may have $140k by the end of the year. Or buy an alternative coin and double or triple that.

    Or open a CFD account and trade at 100x leverage and short Afterpay
     
    The Prestige, 5th Apr, 2021
    #17
    3rdEarl and datto like this.
  18. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt
    Nah, I’d still go for the commodore. You can’t jump in a Bitcoin and go hooning around the streets.
     
    datto, 5th Apr, 2021
    #18
    craigc, 3rdEarl, The Prestige and 1 other person like this.
  19. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,000
    Location:
    Brisbane
    We have our insurance looked after by Jason, but he's also a financial adviser. I can highly recommend him. Having him on board has made such a difference to our situation.

    We haven't had any "spare" money for a while, but now we have more rent flowing in, we will be seeing Jason to work out how best to use it wisely.

    Image 5-4-21 at 11.01 am.jpg
     
    wylie, 5th Apr, 2021
    #19
    Coen and 3rdEarl like this.
  20. 3rdEarl

    3rdEarl Well-Known Member

    Joined:
    30th Dec, 2019
    Posts:
    89
    Location:
    Brisbane
    Thank you so much for this. The wife engaged a firm in Newstead. My Wealth Solutions I believe. Will see how she fares.
     
    3rdEarl, 5th Apr, 2021
    #20
Page 1 of 2