Forums / Property Investing / General Property / doubled money in tas on land

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  • Profile photo of janetbiankajanetbianka
    Member
    @janetbianka
    Join Date: 2005
    Post Count: 7

    we just settled on a ha land in tas over 18 months after contract written. we purchased the land for 39,500 and the bank has valued it at over 85,000. and we didn’t even put down a deposit. thats the good news. also because the value was so high we only put 500.00 towards the loan.
    bad news is i wish we had been less scared and purched some more as in this new subdivision there were still 26 blocks for sale when we got ours and if we had known we could have had a long settlement on some of these and sold them when titles came thru, making a mint.
    oh well , we will learn for next time[strum]

    Profile photo of ANUBISANUBIS
    Participant
    @anubis
    Join Date: 2003
    Post Count: 559

    We did a similar thing but we purchased 3 blocks which we appear to have sold.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,190

    Yes, me too. If only i purchased that ……..

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
    Post Count: 1,086

    purchased my first property in 95 in nsw.. could have brought 2 more a year later…in the same spot for the same price..if only

    Don Nicolussi | Mortgage Broker - Home Loan Warehouse
    http://homeloanwarehouse.com.au
    Email Me | Phone Me

    "I think of finance as a technology, a way of getting things done." Robert Shiller

    Profile photo of janetbiankajanetbianka
    Member
    @janetbianka
    Join Date: 2005
    Post Count: 7

    we need to learn from our mistakes and take advantage of something when we’re there. we can’t turn back time . maybe as steve says we have to create an answer to a problem
    janetbianka

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