We have about $450-500K to invest in a SMSF, no borrowings. I am 57, and seeking some cash flow to give up work!.
Plan 1: Buy a house in Dapto or Campbelltown area. Potential CP, , not far from Sutherland, where I live, for maintenance. Rental yield about 5%
Plan 2: Buy up to 3 houses (with no strata fees) for $150K each in 3 country towns: ( Orange, Goulburn and Leeton). CP trade off compared to coast or Sydney, but higher rental return. (Or, the third property perhaps in Adelaide, where 2 bed units within 5 kms of the CBD go for about $200K).
Any thoughts/feedback appreciated.
Mike
Plan 1: Buy a house in Dapto or Campbelltown area. Potential CP, , not far from Sutherland, where I live, for maintenance. Rental yield about 5%
Plan 2: Buy up to 3 houses (with no strata fees) for $150K each in 3 country towns: ( Orange, Goulburn and Leeton). CP trade off compared to coast or Sydney, but higher rental return. (Or, the third property perhaps in Adelaide, where 2 bed units within 5 kms of the CBD go for about $200K).
Any thoughts/feedback appreciated.
Mike