So, I have 6 investment properties. During the GFC my personal circumstances were such that it has been impossible to borrow since about2009. Lately I have been able to borrow again, and pull some equity out. I have about $200k. So the question is, what should I do with it?
More resi property is definately an option, but Im a bit gun shy with negative geared property at this stage in the cycle, especially as I hold a few resi properties already. Shares came a cropper during the GFC, so while I now hold a small portfolio, Im not that keen on buying back in.
What I want is a passive cash flow business or asset, perhaps bonds, perhaps commercial property?
One option is to start my own mortgage broking business. I have been in the industry 12 years working for others, so thats definately one option, however it wont cost $200k to start. I want to diversify my income as well.
Anyone got any ideas for me?
Dont be shy, I have been a member of this site for a while, I have a fairly thick skin. Much appreciated.
More resi property is definately an option, but Im a bit gun shy with negative geared property at this stage in the cycle, especially as I hold a few resi properties already. Shares came a cropper during the GFC, so while I now hold a small portfolio, Im not that keen on buying back in.
What I want is a passive cash flow business or asset, perhaps bonds, perhaps commercial property?
One option is to start my own mortgage broking business. I have been in the industry 12 years working for others, so thats definately one option, however it wont cost $200k to start. I want to diversify my income as well.
Anyone got any ideas for me?
Dont be shy, I have been a member of this site for a while, I have a fairly thick skin. Much appreciated.