My girlfriend and I have $150K to utilise and have serviceability of $650-$700. We are looking buy our first IP at a mid-level price point (say $400K), but want to understand the best way to utilise this sizeable deposit to secure multiple properties in a short space of time.
We're looking for thought starters on how best to use this money to start a portfolio that will offer solid CG with the ability to move to CF neutral in a reasonably short timeframe. Regions we've been considering include Penrith, Newcastle, Toowoomba and the Brisbane LGA.
Obviously we will be forming a long-term plan but any advice on number of properties you'd look at, locations and types of properties would be great. We'd like to have a portion kept as buffer/offset as well. Cheers
We're looking for thought starters on how best to use this money to start a portfolio that will offer solid CG with the ability to move to CF neutral in a reasonably short timeframe. Regions we've been considering include Penrith, Newcastle, Toowoomba and the Brisbane LGA.
Obviously we will be forming a long-term plan but any advice on number of properties you'd look at, locations and types of properties would be great. We'd like to have a portion kept as buffer/offset as well. Cheers
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