what are some of the pros and cons of buying land and placing a movable house on top of it?
besides the fact of managing every step of the process and a lil time costly, isn’t it a simple enough strategy on theory?
before moving a house onto the land what do you need? e.g. council permit?, electritians, builders ?has anyone used this strategy sucessfully ? let me know about it.
cheers guys
To do this you’ll need permission from a council and usually a bond, so that when you’ve finished you’ll get your bond back from the council. They do this to make sure you finish the job.
If the mob who has moved your house are builders, then they’ll usually move it, re-stump it, re-wire and re-plumb it, this usually costs about $20 000 upwards. If they’re not builders, they’ll just move it and the rest is up to you to organise.
The theory of this strategy is very good, it’s like buy land for $50 000, buy, move, reno and complete house for another $50k, and at the end of the day it’s worth $150k or more…
The cons are significant, it’s not recomended for beginners and can drastically shorten a persons lifespan. However, this has been done successfully and profitably by many, including beginners, I suppose the thing is research, research, research and patience.
A few API issues ago they profiled an Asian bloke who had used this strategy well and did all right. Also there is plenty of info on this on the forum, and other places so I dont think you’ll have too much trouble finding out what you need.
This is jut a quick overview, but in my opinion it’s definately worth looking into.
Hope this helps, and good luck…G7
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