Help with strategy - $1mil net passive income in 10 years...

Discussion in 'Investment Strategy' started by Macca7, 16th Sep, 2017.

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  1. The Y-man

    The Y-man Moderator Staff Member

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    Totally agree. The other key thing I can't stress enough is the risk mitigation - that income may stop at any time - in which case you need liquidity on the assets (without copping a huge loss). A massive outer perimeter block can be a pain to offload in an emergency if a situation arises where the income stops and you can't afford the holding costs.

    Inner city houses and/or large tracts of land in middle ring suburbs are *comparativley* much more liquid in a fire sale situation.

    The Y-man
     
    The Y-man, 18th Sep, 2017
    #41
  2. qak

    qak Well-Known Member

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    Or consider IP insurance ... be prepared, it will cost a fortune, and you really want to go through underwriting, but I don't know how that will go with the increases you are describing.

    Have you got a partner? ;)
     
    qak, 9th Jan, 2018
    #42
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