Like any investment there is negative and positive. Why not spread the risk go resi, CIP, shares and whatever suits your fancy. Let's get real, what is the perfect investment??
agreed, but not spread so much that it's thin
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Like any investment there is negative and positive. Why not spread the risk go resi, CIP, shares and whatever suits your fancy. Let's get real, what is the perfect investment??
The CIP vacancy is a risk, but so too are tenant trashings, annual vacancies etc in resi.
...refreshing to read a thread where detailed property numbers are spoken of, calculated and logical reasoning backing up the calculations. Even mods and admin staff getting in on the conversations with calculations and heaven forbid - numbers.
Doesn't happen any more. Everyone has been scared away by the John Deere harvesters patrolling.
7 years on and the vast majority have all disappeared....
100 unencumberd would be a nice start!
As you get to your goal, most people get addicted and the line moves outwards, unless you have a mentality where the tide goes out and your line goes down to meet the water. I like the thought the tides rise and my line goes futher towards suburbia (and no not so mt druitt become waterfront property either)
You will need a hell of a lot of property to live off the rents. By the time you cover all expences, property manager, insurances, taxes etc.
Managaged funds and super are all going down the toilet, so with a little care, maybe the right shares will help.
bbruham
so your saying you own a PPOR and 2 blocks of units?
what do you see the benefit of owning the whole block of units as oppose to 5 units in different areas?
Saw someone reading this old thread from 2003 in who's online so I thought i'd bring it back to life.
When I decide to retire I'm thinking 1 option I could have is to sell off 3/4 of the properties. Use the money to pay down the ips I keep which might just be 2 or 3 ips. With the rest of the cash I'm thinking a smart choice would be to invest in a conserative income fund or perhaps invest some of the money in fixed term deposits and put some money in a savings account.
So this way you diversify. Its safer this way. Some money in property, some in shares, some in fixed deposits and some as just cash in the bank.
I'm aiming for $75 K gross pa.