- JaxonParticipant@jaxonaJoin Date: 2014Post Count: 284
So I am torn between options and would love some thoughts on what you would do!
I had been planning to purchase a house on RD5 zoning for under 650k on the gold coast to later split to 4 townhouses. (1 bed per 50m2)
But within two months all 6 or so have sold and now it appears the gold coast just doesn’t have similar options that are getting me as excited.
I have 20% and the capacity to do a purchase up to say 700k-900k max but really want something I can squeeze profit out of over the next 1-4 years to further grow my portfolio.
I would love to hear what you would look at given a similar position to create the most income/growth/equity
Jaxon AverySteve McKnightKeymaster@stevemcknightJoin Date: 2001Post Count: 1,763
Hmmmm. Seems like you are after a manufactured growth strategy.
Well, there are lots of them on offer, but the question is how many of them make profit at today’s prices, rather than rely on continued growth?
The best advice I could offer you is this: What will make you the most money, in the quickest time, for the least risk, and lowest aggravation… within your available time, money, skill and risk thresholds?
The answer to this question will be different for everyone.
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
Success comes from doing things differentlyJaxonParticipant@jaxonaJoin Date: 2014Post Count: 284
Yeah totally agree mate, its finding that and having the cashflow to facilitate the deal & get it over the line.
So under contract and found a deal that is cashflow positive, under market value & zoned RD6 so maybe 18 bedrooms max.
Its a very tricky lot & something even the town planners states is very tricky so we will see.
Appreciate your time mate & time will tell how we choose to create wealth from this one as there are a few options.