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Old 30-06-2014, 08:57 PM   #1
stazza
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Default Investors or Business Owners

So recently I have been thinking on buying a block of land and building a house on it, knowing that I will be in debt for possibly the next 30 years. This makes me uncomfortable, as I work in FIFO industry and the work may well dry up in a few years, and finding as high a paying job after FIFO is unlikely. I'd love a house but I don't want to live beyond my means when my work dries up.

So, I've been thinking maybe putting my high salary in to good use by either investment properties or business.

This is where I have no idea where to start. A google search yields so many conflicting ideas and much confusion.

I need something I can start the ball rolling with very soon, and something that I can work FIFO with, so obviously not something that is high maintenance or that I'd need to be there every day for.

Would anyone recommend industrial lots to lease out? Or how about storage lots?

Any advice on where I can start?

Thanks.

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