Hi all,
This is my first time back on somersoft for a long time. I've been busy building/developing and watching my family get bigger for the last few yrs so excuse my absence.
I have finally found myself in the position i was aiming for when i first joined the forum, or a lot further down the road that is. I will finalise a development of 11 apartments in Brunswick (of which i intend to post a new thread as its been quite the experience) in March next yr. It's currently being fixed out/kitchens going in so it's nearly there.
Anyway the wash up of this project will see me retaining 5x 2BR & 1x1BR (total val $3m) with a total debt of around $1.2m as i sold the other 5 off the plan. It's been a slog but it will be nice to see my hardwork start to pay off!
Annual cashflow will be around the $80k mark (very roughly) and it's this aspect that i am wanting some advice on.
I am on the hunt for another development site but in the mean time i was wanting to diversify my holdings and do what a lot of wise people on this forum have done and put my cashflow into shares for a while.
I was thinking of a monthly direct debit into a high yeilding share fund ie Vanguard Inv? Or would i be better off into directly paying down the mortgage and keep the pressure on there rather than spreading things around?
I know this is a very open question but i thought there may be someone out there with a very specific strategy that i could learn from.
Also too some may say just push it all into the next deal, which i intend to do but looking long term i want to have a finger in both pies as the passive nature of share dividends looks oh so appealing compared to the full on (ie stressful!!) nature of building/developing!
I guess my question relates to an overall strategy for long term growth of my portfolio and i am quite prepared to pay for specific advice with someone but where to start? There're so many "experts" out there but what a jungle!
Anyway thanks for reading and i hope the post isn't too vague.
Cheers
Morty
This is my first time back on somersoft for a long time. I've been busy building/developing and watching my family get bigger for the last few yrs so excuse my absence.
I have finally found myself in the position i was aiming for when i first joined the forum, or a lot further down the road that is. I will finalise a development of 11 apartments in Brunswick (of which i intend to post a new thread as its been quite the experience) in March next yr. It's currently being fixed out/kitchens going in so it's nearly there.
Anyway the wash up of this project will see me retaining 5x 2BR & 1x1BR (total val $3m) with a total debt of around $1.2m as i sold the other 5 off the plan. It's been a slog but it will be nice to see my hardwork start to pay off!
Annual cashflow will be around the $80k mark (very roughly) and it's this aspect that i am wanting some advice on.
I am on the hunt for another development site but in the mean time i was wanting to diversify my holdings and do what a lot of wise people on this forum have done and put my cashflow into shares for a while.
I was thinking of a monthly direct debit into a high yeilding share fund ie Vanguard Inv? Or would i be better off into directly paying down the mortgage and keep the pressure on there rather than spreading things around?
I know this is a very open question but i thought there may be someone out there with a very specific strategy that i could learn from.
Also too some may say just push it all into the next deal, which i intend to do but looking long term i want to have a finger in both pies as the passive nature of share dividends looks oh so appealing compared to the full on (ie stressful!!) nature of building/developing!
I guess my question relates to an overall strategy for long term growth of my portfolio and i am quite prepared to pay for specific advice with someone but where to start? There're so many "experts" out there but what a jungle!
Anyway thanks for reading and i hope the post isn't too vague.
Cheers
Morty