Where to park $600k for a while

[inamedthegiants]

Black

 

[footystar_]

Buy a few carparks. They return 6-12% p/annum in rent and go up in value like a property.
You could buy two good carparks for $50k each and make around $70 a week per space.

 

[Power Raid]

Buy a few carparks. They return 6-12% p/annum in rent and go up in value like a property.
You could buy two good carparks for $50k each and make around $70 a week per space.

spot on

buy a city apartment with two car bays and rent the two car bays separately and the apartment to OS students

 

[JoseMourinho]

PTION B: Why can't he start a SMSF (if he doesnt have one already) and make annual in specie contributions (transfer the assets to his SMSF) and then sell the assets when he is over 65 which will not attract CGT or Income Tax?

You pay CGT when you transfer the shares into superannuation initially.

 

[Dee Snider]

Well in the end I had more than $600k- bought a block of land ( which we will build on in a few years) and used the small amount remaining on an investment property borrowing the rest. I am fairly conservative as you can see, but it lets me sleep at night. Thanks everyone some interesting ideas....

 

[The BIG X]

Well done

 

[inamedthegiants]

Well in the end I had more than $600k- bought a block of land ( which we will build on in a few years) and used the small amount remaining on an investment property borrowing the rest. I am fairly conservative as you can see, but it lets me sleep at night. Thanks everyone some interesting ideas....

Could've had $1.2 mill if you took my advice...

 

[Lyyynnnchy]

Well in the end I had more than $600k- bought a block of land ( which we will build on in a few years) and used the small amount remaining on an investment property borrowing the rest. I am fairly conservative as you can see, but it lets me sleep at night. Thanks everyone some interesting ideas....

Where did you buy out of interest?

 

[Dee Snider]

Bought Land privately in Warranwood & property in Rosanna. Used some additional savings for the land as its 4000m and that's not cheap.


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