Selamat Siang from Indonesia,
Looking at evolving our strategy a little which to this point has been buy below market value houses on 600+ block that need serious renovations (only cosmetically) in good fundamentally driven markets. We renovate them, tenant, reval and repeat however looking at trying something slightly different on our next purchase
My question; have any other somersofters been through the process of buying a block and transporting a removable house there and creating a new dwelling that way?
If so,
1. Can you detail the timeframe (working with council and planning) to get it across the line
2. Associated costs (transport costs, planning, utilities reconnected, renovating any damage endured, etc)
3. How the numbers stacked up initially and upon reval
4. Would you do it again?
Cheers
Ben
Looking at evolving our strategy a little which to this point has been buy below market value houses on 600+ block that need serious renovations (only cosmetically) in good fundamentally driven markets. We renovate them, tenant, reval and repeat however looking at trying something slightly different on our next purchase
My question; have any other somersofters been through the process of buying a block and transporting a removable house there and creating a new dwelling that way?
If so,
1. Can you detail the timeframe (working with council and planning) to get it across the line
2. Associated costs (transport costs, planning, utilities reconnected, renovating any damage endured, etc)
3. How the numbers stacked up initially and upon reval
4. Would you do it again?
Cheers
Ben