Hi,
new to this site, want to get into investing but my finances are tight at the moment, I thought about vacant blocks of land in the country not far from major towns, and later sell or build then sell .
Just need some feedbackthanx
Avoid blocks of land like the plague
Building is expensive. It is now cheaper to buy a house than build it
A block of land provides you with absolutely no tax breaks. It doesn't pay you rent. They are very hard to offload if you get into trouble.
Bricks and mortar. The time is nighHi
I agree with Chris. I have a deposit with a builder since April there has been 4 price rises to about 15k plus the land price increase. My figures showed me it was cheaper to build but now if you look around you will find a place the same 2 or 3 years old for less. As to blocks of land in the country my friend they may be cheap but the cost of building in the bush in more about 5% more. Also people dont want to live in a place with no jobs. Try selling it…… You can do money on a block easy, you have to hold it for 5 year to make it worth while. Think before you buy sorry to say it mate but Location Location Location……
All the bestT…………………
thanx guys, I am still researching on different ways to start my property investing, i am saving like mad, i won't give up
nadelle
nadellesophia wrote:thanx guys, I am still researching on different ways to start my property investing, i am saving like mad, i won't give upnadelle
Keep saving, looking and waiting… you'll get your shot.
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