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  1. rochow

    Looking at first IP

    The main cost would be the interest paid on the loan. The fence was only $700 (halved with neighbors). Could try and sell it like that, a point of difference vs empty land.
  2. rochow

    Looking at first IP

    So you'd think sell the land? The losses made there would be 'covered' by buying someone else's place at their loss.
  3. rochow

    Looking at first IP

    Thankfully my granddad is a builder so I'm right there. However, it does seem to be the expensive way to go at present - there are houses selling for less than replacement costs. If I do sell the land however, then the interest paid & overheads etc, will become a realised loss. Which is why I...
  4. rochow

    Looking at first IP

    Well, that's exactly it - and that's the first step - whether to build, sell, or both. I was leaning towards a cheap PPOR and then investing money in shares; then I stumbled across property forums a while ago, saw about Nathan (Birch?) and what some others were doing, and it seemed pretty...
  5. rochow

    Looking at first IP

    Been lurking for a while now, decided to sign up and get more serious :) There's a ton of information around - to the point it's just overload! I'm looking for a few specific bits of info so I can bark up the right tree. Long story short, my current situation: - Located in Hervey Bay, QLD...
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