Please help with he next step...

Discussion in 'Investment Strategy' started by Scottydogg, 6th Mar, 2020.

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  1. Scottydogg

    Scottydogg Active Member

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    Hi Archaon, the house is on the Sunshine Coast (north of Brisbane). Thanks for input with ideas but there isn't enough room for a granny flat on the block. Its a reasonably big house and a lot of the open yard is out the front. Cheers
     
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  2. The Y-man

    The Y-man Moderator Staff Member

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    Speeding can lead to accidents that may severely hurt you or kill you.

    The Y-man
     
  3. Scottydogg

    Scottydogg Active Member

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    It can't be a case of just earn more money, that would mean that strategies and investing are just for the wealthy. I know more income will help but there must be investors that came from nothing and made it through with particular plans or strategies ?
     
  4. Empire

    Empire Well-Known Member

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    The more risk you take the quicker you get richer.
    Unfortunately the more risk you take the riskier it is to get there lol.

    No one (with a bit of sense) is going to tell you risky things to buy.
     
  5. The Y-man

    The Y-man Moderator Staff Member

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    Stated in a way my brain understands it, you need:
    • 800k for ppor
    • a million in investments getting 6%pa ($60k pa)
    All up about $1.8m.

    So the way it works is:
    If your prop doubles in ten years, it'll sell at 1.1m, pay back 435k of loan, you keep $665k.
    You need to do 3 of these so that you'll have 1.8m in 10 years time.

    The Y-man
     
  6. Scottydogg

    Scottydogg Active Member

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    Legend, as simple as that post is it’s direction and possibility. thank you
     
  7. The Y-man

    The Y-man Moderator Staff Member

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  8. Scottydogg

    Scottydogg Active Member

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    Sunshine Coast

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