How would you invest $1.5m cash windfall where your income was about $150k/yr. A client asked me this question. He is 50 years old, owns own house (quite basic three bedder) and has a part share of an industrial property.
The more experience I have the less willing I am to give him any ideas.
If it was me (I wish it was me) I would consider borrowing another 50% then buying a property or several properties to a value of about $2.25m. If it was me I'd look at suburbs I know. Maybe a house in Bronte but with a very poor yield (about $1000/week).
http://www.realestate.com.au/cgi-bi...eader=&c=96335938&s=nsw&snf=ras&tm=1199711257
or better still 2-3 terraces in Redfern
or perhaps something like this-waterfront in Sutherland shire (don't know much about this area but it seems to be very good value compared with eastern suburbs of Sydney)
http://www.realestate.com.au/cgi-bi...r=&c=28210937&s=nsw&snf=ras-syd&tm=1199711614
These are some others I've been looking at
http://www.realestate.com.au/cgi-bi...inbed=&maxbed=&parking=&minlandsize=&p=30&o=p
Any other ideas?
Ajax
The more experience I have the less willing I am to give him any ideas.
If it was me (I wish it was me) I would consider borrowing another 50% then buying a property or several properties to a value of about $2.25m. If it was me I'd look at suburbs I know. Maybe a house in Bronte but with a very poor yield (about $1000/week).
http://www.realestate.com.au/cgi-bi...eader=&c=96335938&s=nsw&snf=ras&tm=1199711257
or better still 2-3 terraces in Redfern
or perhaps something like this-waterfront in Sutherland shire (don't know much about this area but it seems to be very good value compared with eastern suburbs of Sydney)
http://www.realestate.com.au/cgi-bi...r=&c=28210937&s=nsw&snf=ras-syd&tm=1199711614
These are some others I've been looking at
http://www.realestate.com.au/cgi-bi...inbed=&maxbed=&parking=&minlandsize=&p=30&o=p
Any other ideas?
Ajax
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