Allow $25,000 per block, thats what we do.
I live in the so called bush, a hundred k’s from Cairns in North Queenaland.
My calculations:- you may only get about 70 allotments out of 80,000 M2, all depends on the size the town plan allows.
3.5 – 800 M2 blocks per acre, and 80,000 M2 = 20 acres.
in my experience the rent offered in the rent back period was well over market value, and after that, the return on my ivestment wouldn’t have been enough, so I didn’t go through with it.
don’t go paying good money to some wan#*% to tell you what you should do, ask here, at least most of the people here have done something, most advisers don’t even have a portfolio themselves.
NOT A BROKES – JUST A BORROWER
From my experience.
Banks prefer residential, and lend the most on them.
Commercial is around 65%
I have all three, for various reasons, but reseidential is the safest for you and the banks.
rent money is dead money, it’s not deductable, nor are house repayments, but the house will be yours and will increase in value over time.
If you have money left over after living exp. and repayments, this will help you to get investments, and you don’t even need that if you find CF+ properties.
many investors manage their own investments, I do my own and always have done, it can be very sole building or destroying.
It doesn’t take a great deal of time, so it’s not a full time job, unless you have 30 or more.
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