what is the best way to finance this model
buy property subdivide and sell empty block , do up house and rent out .
if i buy the property for say 250k i sub divide and sell block for 100k (just examples) i then spend 30-50k on the reno then rent that property out.do i get a line of credit? or do i get a p&i loan and refinance at the end of reno? or is there another way?
i was also wondering if it takes 3 mths can i loan a little more and use that to make repayments for the reno time? then refinance?
also i would like to do a few of these types of investments
It can be funded in several different ways but would need more information to give you a justified answer.
Feel free to drop me an email or post more information and we can answer mroe specifically for you.
I do a fair amount of this type of funding at the moment and it is fairly straight forward once all the skittles are in place.
Cheers
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
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