One way to do what your planning is to have one property as a regluar buy and hold. The other you sell on Vendor Finance or Lease Option for positive cashflow. You pay all the positive cashflow into the buy and hold.

As the LO/IC will go for 5 or so years you can expect to pay about 48k to 60k cashflow off the buy and hold plus the markup on the property of around 30k to 40k made up of deposit from the buyer and back end. This way you can build up equity quicker to buy the 3rd place that would be the second buy and hold.

Combining the strategies and fiscal responsibility with the cashflow will give you a faster track to your goal.

Danielle

You just need to be prepared to lose the 21k if it all stuffs up. If its legit then it could return well. But if property falls in a hole and the development falls over you have nothing.

Danielle

Live in SA but invest elsewhere.

Not what you want to hear but it is about as good as it gets.

If you want to do Reno's using Options ( no lease ) that will work fine along side your idea of selling with deposit finance once the reno is done.

Danielle