Keen to hear suggestions on what you would do if you've built up 2.5M to 3M in equity?
This is a bit of a how long is a piece of string question and i'm not looking for any "depends on your goals" responses.
The goal as with all investments is to maximise returns whether it be through capital growth or passive income or both.
I'm after suggestions as at the moment the funds are sitting pretty, stagnate, not working for me.
Some suggestions: 1) Buy 1 house property and rent it out. Typically return will be less than 5% rental return however potenial for greater capital growth 2) Buy multiple units and diversify suburbs/states and achieve minimum 5% rental return. Less potential for capital growth 3) Buy a parcel of land and subdivide, sell both. Rinse and repeat 4) Buy run down, revamp and sell. Rinse and repeat
Option 3 and 4 seem more intensive and would require additional time and stress. Option 1 and 2 would be on autopilot aside from the odd RE phone call/inspection.
Please throw ideas at me, what you would you, how would you approach the market?
