Dazz picked out an office renting for ~$25k pa, listed for sale at $299k.1. I guess you'd have to buy above average yield tobuy a $300k proerty which rents at $500/week, which I have never done, but apparently others have done.
Ka-ching! Or, HYPOTHETICALLY, take 66% of the $300k office, giving a deposit of $200k. HYPOTHETICALLY leverage that to, say, 66%, to buy ANOTHER office at $600k, renting for another $25k pa. (likely much more, like $75k?)2. If you own one outright, then the bank will lend you $300k for another and the loans for both will be at 50% LVR plus purchasing costs. Dare say one might have to cross collatoralise to do so
There's my $900k portfolio (except now I'm leveraged up the billy-o), but it's probably bringing in $100k pa.
Your original question about the suggestion of lying on the beach was not suggested by Aaron, it was suggested by Dazz, who I doubt was suggesting it as advice for someone who only had the $300k they came across magically in this scenario...
(I think )
Glad I don't have Deltaberry scrutinising my numbers - I guess I'm not a household name yet.
(Why am I still arguing this? )