Hi all,
I am fairly new here, registered a while ago but haven't had a chance to post.
I feel that I am somewhat ready to just dive in and hubby and I have been speaking about our options.
We have wanted to rebuild for ages and feel that having a 2 year old still sleeping in our room is starting to feel really wrong so we are wanting to upgrade our own home but we are also quite keen to start investing.
So our idea is subdividing our block - building two house/units where we would live in one and have the other as our first investment.
Has anyone done a similar thing, we figure the price of a build is fairly cheap and rent would definitely cover mortgage payments (obviously if rented and not vacant).
Any advice is warmly welcomed!
I am fairly new here, registered a while ago but haven't had a chance to post.
I feel that I am somewhat ready to just dive in and hubby and I have been speaking about our options.
We have wanted to rebuild for ages and feel that having a 2 year old still sleeping in our room is starting to feel really wrong so we are wanting to upgrade our own home but we are also quite keen to start investing.
So our idea is subdividing our block - building two house/units where we would live in one and have the other as our first investment.
Has anyone done a similar thing, we figure the price of a build is fairly cheap and rent would definitely cover mortgage payments (obviously if rented and not vacant).
Any advice is warmly welcomed!