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I'd like a few choices, to earn the most income with $1000000 long and short term please.

Discussion in 'General Property Chat' started by justine77, 23rd Sep, 2015.

  1. justine77

    justine77 Well-Known Member

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    I'd like a few choices, to earn the most income with $1000000 long and short term please.

    Thank you.
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

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    Buy houses
     
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  3. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Buy a commercial IP for $950k + stamps outright with 9% yield and collect $90k pa income. Offload outgoings to tenant
     
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  4. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    All on black..Or lottery tickets? One is bound to win ...
     
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  5. bob shovel

    bob shovel Well-Known Member

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    Are those Nigerian princes still looking for funding?
     
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  6. neK

    neK Well-Known Member

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    Become a pimp
     
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  7. legallyblonde

    legallyblonde Well-Known Member

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    Oh I was going to suggest buying lotto tickets!
     
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  8. The Y-man

    The Y-man Moderator Staff Member

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    Justine, as you can see from above, too few parameters.

    So much depends on you existing knowledge and risk appetite, that it is anything from lottery to buying a commercial property.....

    Totally different issue if you had asked "If it were you....."

    The Y-man
     
  9. fols

    fols Well-Known Member

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    Buy Shares. Heaps of shares. Banks. Supermarkets. Mining companies. Industrials. Tech. Pharma. Health. Construction. We all love shares. Do it.
     
  10. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    If I were down to my last mil, I'd do business.
     
  11. D.T.

    D.T. Adelaide Property Manager Business Member

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    Or go overseas hunting for cheap properties?
     
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  12. Redom

    Redom Mortgage Broker Business Member

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    Not sure property is the best way to do it if your after a 3 month gain (depends on definition of short term). You'd probably want liquid returns?

    I'd be searching for the business with enormous potential without the know-how, capital, ambition to take it there, buy a stake and have a reasonably short term exit strategy. With the right opportunity, plan and execution, this could make you a fair bit in the short term. Obviously easier said than done - but there's opportunities everywhere for those that see them.

    Cheers,
    Redom
     
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  13. York

    York Finance Broker Business Member

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    Spend 300k on small business. Maybe fast food. This will generate about 150k. Put a manager in with a proven track record. Pay him 100k. That leaves you with 50k. With the 700k buy 3 propeties in a low CG, high yield area. Look for above 7%. This will earn you at least 49k. This is your long term solution. Total invested 1m. Total income 99k. :)
     
  14. DanW

    DanW Well-Known Member

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    3 commercial properties, at 70% LVR.
    $300k deposit on each.
    $700k loan on each.
    $100k to cover costs (need a bit more)

    $2,100,000 in debt @ 5.5% interest = $115k interest expense per year
    $3,000,000 property @ 10% yield = $300k income
    Net Annual Profit = $185k

    As Dave says, make the tenant pay expenses.

    If you buy them in a trust, you can split the income with your lucky man and pay less tax. You'll want to do some structuring anyway to take care of GST.

    If you want less risk, do a mix of lower yield like offices, or mix with Resi.

    Or you could take the other option I mentioned before - I'll sell you my car park for a million dollars, it's secure :)
     
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  15. MTR

    MTR Well-Known Member Premium Member

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    is it 50% population obese, or was that the divorce rate, either way could be an issue:eek:
     
  16. York

    York Finance Broker Business Member

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    I think that's the divorce rate...obesity is about 65%.
     
  17. MRO

    MRO Well-Known Member

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    How hands on do you want to be? Buy shares and spend your day doing nothing, or buy a business and get involved.

    Commercial property could leave you with no income for long periods of time between tenants is another consideration.
     
  18. BurnettGroup

    BurnettGroup Well-Known Member

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    I agree somewhat with your comment, it's a little bit unfair though, I own a pub, with 3 bars, an inside an outside eatery, restaurant and conference rooms, with accommodation, it's zoned as commercial..!!!

    Some commercial property could leave you with no income, perhaps even a static income for short periods. Let's not scare the guy off.:)
     
  19. BurnettGroup

    BurnettGroup Well-Known Member

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    Not as silly as it sounds. Been there done that. Will do it again.
     
  20. Big Will

    Big Will Well-Known Member

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    Offload money into my bank account and I will look after it for you.