I want to take advantage during covid 19 / what should i do / opinions?

Discussion in 'Investment Strategy' started by showtime94, 1st Apr, 2020.

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  1. Perthguy

    Perthguy Well-Known Member

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    Sell it all and put the cash in the bank and watch the value erode because interest is lower than inflation. 100% guaranteed to lose money.
     
    Perthguy, 7th Apr, 2020
    #41
    Huzzie likes this.
  2. Beano

    Beano Well-Known Member

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    Was the rental $230k pre covid-19 ?
    Or is this post covid-19 discounted rental ?
     
    Beano, 7th Apr, 2020
    #42
  3. Omnidragon

    Omnidragon Well-Known Member

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    Pre virus. This guys probably ok. He’s like a top 20 venue according to some guides, and I know he’s spent like $2.5m on the place - and for years he’s been pretty good, so I gave him a deferral when he asked.
     
    Omnidragon, 7th Apr, 2020
    #43
    Perthguy likes this.
  4. Omnidragon

    Omnidragon Well-Known Member

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    Yessss run for the hilllllssssss
     
    Omnidragon, 7th Apr, 2020
    #44
    Perthguy likes this.
  5. Beano

    Beano Well-Known Member

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    Entertainment and hotels would be hurting.
    But safer when tenant has a bit of skin in the game
     
    Beano, 7th Apr, 2020
    #45
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