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G'day i need some friendly advice. i am wanting to get into investing in property. my partner and i have a house on a reasonably big block and developers in the area have been buying land like ours and putting roughly three villas on them. so we are thinking of doing the same with our block. but i've estimated the cost of building and we fall around 50k short from what the bank will lend us. should we invest in another property to get more equity or just save up the extra 50k and do the development. any advice would be appreciated.
cheers ashwWhy not try another lender ?
Richard Taylor | Australia's leading private lender
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