Hi all,
I'm a firm believer in exercising the brain. After reading some other threads, I often wonder "What would I do in this situation?" and "What would I do in this situation if..."
I wondered what some of you would do in my situation for property investing. I don't mind sharing my details online (I know others would be), and I know the more detail, the better the ideas can be.... so here's my rough situation. Go wild with your suggestions on what you'd do if you were me; they might open up a few more ideas for me, or for someone else whose position might be similar to mine. I can handle spam, etc, and that would be a small downside for the upside of alternative ideas from people here.
Andrew & wife, 30's, no kids
Current location: Taiwan *
Current joint income (in NZ dollars): ~$65,000 p.a. after tax
Current saving ability: ~$30,000 p.a.
Cash on hand: $50,000 < X < $100,000
Property owned: none (anywhere)
Other holdings: shares, funds, super, etc, at a comfortable level
Risk profile: Overall level moderate-conservative, can vary by situation
Personalities: numbers-oriented, looking to the long-term before the short-term
Edit: additional info for clarity's sake:
- Our living situation is unique. "Renting" is a given and is included in the costs above. There are non-financial reasons for this. (see below)
- Only looking at buying property in NZ, not anywhere else
- As we are overseas, using a property manager is a given
* hence the relatively low total income, and relatively low spending too, as the exchange rate is very poor currently
Suggestions of "move to another country to make more income" will be ignored for now as we've got non-financial reasons for being here.
For the spammers/people with a book/course/offer - I'm just going to ignore you, so don't even bother.
Cheers
Andrew
I'm a firm believer in exercising the brain. After reading some other threads, I often wonder "What would I do in this situation?" and "What would I do in this situation if..."
I wondered what some of you would do in my situation for property investing. I don't mind sharing my details online (I know others would be), and I know the more detail, the better the ideas can be.... so here's my rough situation. Go wild with your suggestions on what you'd do if you were me; they might open up a few more ideas for me, or for someone else whose position might be similar to mine. I can handle spam, etc, and that would be a small downside for the upside of alternative ideas from people here.
Andrew & wife, 30's, no kids
Current location: Taiwan *
Current joint income (in NZ dollars): ~$65,000 p.a. after tax
Current saving ability: ~$30,000 p.a.
Cash on hand: $50,000 < X < $100,000
Property owned: none (anywhere)
Other holdings: shares, funds, super, etc, at a comfortable level
Risk profile: Overall level moderate-conservative, can vary by situation
Personalities: numbers-oriented, looking to the long-term before the short-term
Edit: additional info for clarity's sake:
- Our living situation is unique. "Renting" is a given and is included in the costs above. There are non-financial reasons for this. (see below)
- Only looking at buying property in NZ, not anywhere else
- As we are overseas, using a property manager is a given
* hence the relatively low total income, and relatively low spending too, as the exchange rate is very poor currently
Suggestions of "move to another country to make more income" will be ignored for now as we've got non-financial reasons for being here.
For the spammers/people with a book/course/offer - I'm just going to ignore you, so don't even bother.
Cheers
Andrew
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