A few years ago, just before Christmas, I saw a cracking piece of land come up for sale on one of the beachside suburbs in North Brisbane.
I called my town planner and found out I could subdivide the block of land. At the time I was a little bit scared of going into too much debt so I decided to sell one of the pieces of land and build a brand new dual-income property on the land I kept.
The project took a lot longer than I was expecting and was more expensive than my initial feasibility, but I’m happy with the end result. If I was doing it all again I would build a larger, double-story property.
We don’t always get it right as investors but if we buy the right market at the right time and have a longer-term perspective investing can be a lot of fun.
Come take a look at what I built.
Follow Us Online Here:
DISCLAIMER No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only; • We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information; • We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer; • The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant; • We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer.