1 Million to Spend

[ChrisA1]

I'll give another option. Use that $1m and do a small development.

It is one of the few ways to manufacture growth rather than hope for it.
It generally takes 1-2 years which is your time frame
You will end up with good depreciation

Agree with manufacture growth either through reno, subdivision, development. Depends on how active you want to be to generate your gains over and above the generic market movements. If you're wanting a passive generic growth, keep researching locations.

 

[littletee]

1 Mill borrowing and please let me clarify, when I say I wish to reduce my taxable income, I don't wish to simply throw money away in the attempt, but to use depreciation and standard processes associated with rental properties.

And this is exactly what scares the absolute ***** out of me right now with this property market!

Reminds me of the dot com days when taxi drivers and tea ladies were recommending stocks.....you know when that starts to happen things are going to ugly sooner or later!

 

[ej89]

PM me. I know something that fits that description.