Hi – Would appreciate sound advice/options and/or recommendations on creative solutions to acquire investment property(s) with the use of $250,000 AUD cash from an inheritence distribution – Thank you in advance
I agree with Jeff there are always people like me who are looking for money partners / JV partners to do deals with.
I guess it depends on how much experience you ahve with doing deals, ie whether you might be looking to partner with someone who has the experience you may not have or whether you are looking to do deals on your own. The first step would be to define what you are trying to achieve with that cash, then work out the best strategies to go forward with.
I think you need to do a goal setting workshop. What do you want to do with $250k? What kind of returns do you want and then determine the best vehicle (property, shares, options, etc.) for achieving it. With that kind of capital you should look at diversifying a bit and include investments in shares/funds as well.
With regards to investments in properties, what do you want to achieve – capital growth or cashflow? The type of assets you buy will depend on your investment goals.
Hope this helps.
â€œThere is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.â€ – Nelson Mandela
My advice is to focus on investing on property types and locations that have strong appreciation potential. Unless you know very well the market you are investing, I would suggest consulting the leading real estate agencies in your market to get sound advice as to what property types and submarkets are experiencing price/rent increases and whether the demand/supply fundamentals and vacancy rates favor continuation of these trends.
Using leverage you can increase your investment capital significantly. I would also avoid investing all the money on a single property, but spread it to at least three properties to minimize risk, unless you are absolutely certain you found a property that it is a true steal.