WHAT WOULD YOU DO IF you had 500K in cash & and 80K per annum salary

Discussion in 'Investment Strategy' started by Shredz, 22nd May, 2020.

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  1. Rentforlife

    Rentforlife Active Member

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    Whats your prediction in 3 months? Prices to fall off a cliff? Perhaps a plateau but then expect the train to keep charging. This Island isn't growing any larger
     
    Rentforlife, 14th Feb, 2021
    #41
  2. Rex

    Rex Well-Known Member

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    Lol yeah good stuff, when i read this thread just now and saw your original posts from last year I thought "Step 1: Change jobs, because a civil engineer should be earning more than that". The investment world is your oyster with income and cash like you have now.
     
    Rex, 14th Feb, 2021
    #42
  3. jaybean

    jaybean Well-Known Member

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    If I had 500k and 80k a year, with my experience I'd go nuts with it and get as much leverage as I can. But that's with my experience.

    I assume you're new to this game. You're probably more conservative, which is totally fine. I was nervous as hell with my first few purchases. In your case I would buy a PPOR, and when you're feeling more confident, recycle your debt and buy an IP. Confidence takes time to build, I get that. We've all been there.
     
    jaybean, 14th Feb, 2021
    #43
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