What are your thoughts…?

Hi,

I am new to this forum, and really keen to start investing soon.

Hubby and I are currently looking for a new home, and have wondered about buying a house on a small acreage with the idea of sub dividing and getting back a large portion of our investment.

is this a naive dream?

An example would be a 5 acre property with house at 550k, 1 acre blocks in the area sell for $220k.

Could we subdivide the 5 acres into 5 x 1 acre blocks sell 4 of them and keep 1 for ourselves. This would nett 800k+ after agents fees, I have no idea of the costs as yet, but even assuming this is 100k+, it sounds very lucrative….

I must be missing something, otherwise everyone would be doing it[blink]

Any ideas, suggestions, slap across the face … whatever would be appreciated.

Thanks
Sara