$300k and $1.8 mill borrowing capacity. what would you do?

Discussion in 'Investment Strategy' started by masterjoey1991, 30th Jul, 2020.

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  1. masterjoey1991

    masterjoey1991 Member

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    curious.
     
    masterjoey1991, 30th Jul, 2020
    #1
  2. Zimplestiltskin

    Zimplestiltskin Well-Known Member

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    Locate an area for families with good school zones and then:

    Find a piece of land to build 2 to 3 new townhouses.

    OR

    Find an existing property that is not suitable for a family (too small or too much work) and make it desirable to a family.
     
    Zimplestiltskin, 30th Jul, 2020
    #2
  3. Mike A

    Mike A Well-Known Member

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    find rumple get married and live happily ever after
     
    Mike A, 30th Jul, 2020
    #3
  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Any existing assets?
     
    Terry_w, 30th Jul, 2020
    #4
  5. PeterProperty

    PeterProperty Active Member

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    Are you looking for a PPOR initially or happy to rent-vest?
     
    PeterProperty, 30th Jul, 2020
    #5
  6. masterjoey1991

    masterjoey1991 Member

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    No existing assets, no debts, no carloan, no HECS :) monthly outgoings is very low just modest rent and the usual line items. Below hems.
     
    masterjoey1991, 30th Jul, 2020
    #6
    Terry_w likes this.
  7. masterjoey1991

    masterjoey1991 Member

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    I'm flexible. I think potentially poor with granny flat could be an option? Best of both worlds?
     
    masterjoey1991, 30th Jul, 2020
    #7
  8. Morgs

    Morgs Well-Known Member Business Member

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    In that position either build my deposit to anchor into a decent owner occupier I can add value to OR maximise my exposure to appropriate long term growth investment properties.

    Horses for courses though, the real question is what do you want to do?
     
    Morgs, 30th Jul, 2020
    #8
  9. Bigdiamond

    Bigdiamond Member

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    Victoria
    Roulette wheel, 300k on Black

    OR

    Borrow the full 1.8mil from the Mafia (much lower interest rates)
     
    Bigdiamond, 30th Jul, 2020
    #9
  10. MelindaJennison

    MelindaJennison Brisbane Buyer's Agent & QPIA Business Member

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    Brisbane QLD, 4000
    Depends - what are you trying to achieve? What are your goals for investing? Can't answer without knowing what you want :)
     
    MelindaJennison, 5th Aug, 2020
    #10