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Caroylnn, How do you know that you will not be paying more than the property is valued at? If you have a house valued at $500k and owe $200k on it so have $300k equity. You decide to buy and investment property interstate for $350k. You are putting no money down, using the equity in...

I have rarely seen house and land packages sold by Investment "agents" ever be worth the selling price. I am sure there are exceptions. Have a look at what second hand near new properties are selling for in the area before you jump on in. An off the plan valuation - for mortgage...