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  1. luce.rocks

    $250k burning a hole in my pocket.

    Hey Dex, you probably can't kick the tenant out. There are a few rent controlled places around town with old folks that you can't kick out til they die. Looks like it might have a damp problem too? Plus, the city is trying really hard to crack down on airbnb. I mean, they won't be able to stop...
  2. luce.rocks

    $250k burning a hole in my pocket.

    Thanks everyone. Hubby won't need any of this money prop up his businesses. His expenses will be very small to start with and his family will guarantee any loans he needs further down the track. This money is all mine to play with :) I don't mind having a longer investment timeframe if...
  3. luce.rocks

    $250k burning a hole in my pocket.

    Hi Mark. My husband suggested angel investing too, maybe I'll look into it. I've also been looking at some cheap resi units here in Barcelona with good returns. Hubby reckons that if I put 50% as deposit and put the equivalent of the other 50% in a TD with a local bank, they'll use the TD as a...
  4. luce.rocks

    $250k burning a hole in my pocket.

    Hi Graemsay (and Terry, who also asked about time frames), I don't have any short term plans. Once we have some steady cash flow from the businesses my husband is working on, I might considering using it as a deposit for more investment properties, or a small development, either here or in...
  5. luce.rocks

    $250k burning a hole in my pocket.

    I should add, I'm happy to look at overseas markets, managed funds, etc.. Anything really. Or pay for advice, so long as it's not coming from someone who's getting paid to sell me products.
  6. luce.rocks

    $250k burning a hole in my pocket.

    Sash, what do you think about the talk at the moment of the ASX being overbought? (I hope that's the right term - I've really only just started following this stuff)
  7. luce.rocks

    $250k burning a hole in my pocket.

    I only have one loan in Oz and it doesn't have an offset. I've been advised by the bank that any extra repayments I make can either a) be applied to my loan and not available for redraw or b) be available for redraw but not reduce my repayments.
  8. luce.rocks

    $250k burning a hole in my pocket.

    I sold some land a few weeks back and I now have $250k sitting in my bank account. Which is waaay more than I've ever had just sitting there. It's making me itch. I'm not sure what to do with it or where to put it. I doubt I can get a mortgage in Australia seeing as I live in Spain now, and...
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