Would you buy an IP now?

Discussion in 'Investment Strategy' started by twentyfour, 10th Oct, 2019.

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  1. Lindsay_W

    Lindsay_W Well-Known Member

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    1st Jul, 2015
    Posts:
    5,065
    Location:
    QLD/Australia Wide
    No chance buddy, 1. you're not worth that much and 2. I don't need it
    If you wanted to make your point relevant that's what you would need to do otherwise your point is mute in my opinion. Just because a house is sold in 5 years doesn't necessarily mean you can make a profit by buying and holding property for only 5 years...
     
    Lindsay_W, 14th Oct, 2019
    #21
  2. Rich2011

    Rich2011 Well-Known Member

    Joined:
    9th Aug, 2015
    Posts:
    1,315
    Location:
    Brisbane
    Do some flipping in Western Sydney or Brisbane? Some great deals in Brisbane at the moment but not that easy to flip if you're not here to buy and manage the renovation.
     
    Rich2011, 19th Oct, 2019
    #22
  3. The Prestige

    The Prestige Well-Known Member

    Joined:
    18th Jul, 2018
    Posts:
    140
    Location:
    Newcastle
    Option 5: travel through Europe while you still don't have any dependents. Best money I have ever spent.
     
    The Prestige, 20th Oct, 2019
    #23
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