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What would you buy for $50k cash (No borrowing)

Discussion in 'General Property Chat' started by JohnPropChat, 10th Nov, 2015.

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  1. JohnPropChat

    JohnPropChat Well-Known Member

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    Hypothetical: As the title says - what would you buy in real estate? Shouldn't spend on your existing properties (renno, add bedroom etc)

    1. Something rural - block of land with some yield (shed or something)
    2. Something overseas?
    3. Parking spots
    4. Share in some arm-chair development
    5. Timeshares
    6. Boat house and rent it out
    7. Lease land, buy shipping containers and start a storage business?
    8. Portable granny flat (modified shipping container) and lease it people wherever they want it.
    9. Buy land on Mars, Moon etc
    10. Any more thoughts?
     
  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Shares.
     
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  3. JohnPropChat

    JohnPropChat Well-Known Member

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  4. JohnPropChat

    JohnPropChat Well-Known Member

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    In real estate companies?
     
  5. hobo

    hobo Well-Known Member

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    +1
     
  6. York

    York Finance Broker Business Member

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    I'd call @MTR and ask her to help me buy a US property for that amount. I'm sure we could find something. :D
     
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  7. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Something other than property.
    50k is not enough to commit and be able to exit quickly if required to ramp into something else.
     
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  8. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    An ING account would probably give better returns.

    The house in tas seems to be burnt out. The cost of the repairs would be worth more than the house and then you would have overcapitalised.

    The strata and management etc fees on the unit would eat around 50% of the returns too.
     
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  9. Rusty12

    Rusty12 Member

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    I second the shares motion. Would more look into decent healthcare companies but if you were so inclined LLC has taken a beatdown of late and looks to be a good buying opportunity. McGrath also comes out with its IPO shortly...
     
  10. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Befriend the young storeman at Woolies and bulk buy 5 pallet loads of Baby Formula and sell it to China.
     
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  11. melbournian

    melbournian Well-Known Member

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    that is if you can get any above the quota jokes aside - and also if they don't rip you off in payment from the chinese
     
  12. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

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    Take a punt into a private equity fund.
     
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  13. Westminster

    Westminster Tigress at Tiger Developments Business Member

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  14. JohnPropChat

    JohnPropChat Well-Known Member

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  15. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    I'm thinking stilt house with a pull down stair case to enter as people have to be able to drive the laneway
    [​IMG]
     
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  16. joel

    joel Well-Known Member

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  17. JohnPropChat

    JohnPropChat Well-Known Member

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    Yeah and I can setup a toll gate to let people use their "right" to pass :)
     
  18. JohnPropChat

    JohnPropChat Well-Known Member

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  19. York

    York Finance Broker Business Member

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    It has to be RE as per the OP.
     
  20. York

    York Finance Broker Business Member

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    You could only do this once so make it count. As soon as the Chinese get their hands of a sample, there will be more baby fomula factories than Stephen King novels.