My partner and I currently have 3 investment properties between us (2 in Melb and 1 in Brisbane ? all apartments)
We were planning on rebuilding our PPOR (knockdown/rebuild) but now potentially looking at pushing that out a few more years and invest the cash ($300k) we currently have sitting in offset accounts and purchasing more IPs.
We have excellent serviceability and no non-deductible debt so getting more loans won't really be an issue.
Strategy is to buy and hold for long term, and capital growth is the focus for us at the moment.
Looking for houses now with good land component with view to doing sub-division about 5 to 10 years down the track if figures stack up
This is what I was thinking of doing -
Option 1 - Use existing cash savings as a 20% deposit for 3 x $500k~ houses on blocks with sub dividable potential (in different states)
Option 2 ? Use existing savings as a 20% deposit on 2 x $750k~ houses on blocks with sub dividable potential in more blue chip suburbs than option 1 (in different states)
Do you think we'd be better spreading this out over 3 properties rather than 2 properties? Happy to hear of any other suggestions.
Cheers
We were planning on rebuilding our PPOR (knockdown/rebuild) but now potentially looking at pushing that out a few more years and invest the cash ($300k) we currently have sitting in offset accounts and purchasing more IPs.
We have excellent serviceability and no non-deductible debt so getting more loans won't really be an issue.
Strategy is to buy and hold for long term, and capital growth is the focus for us at the moment.
Looking for houses now with good land component with view to doing sub-division about 5 to 10 years down the track if figures stack up
This is what I was thinking of doing -
Option 1 - Use existing cash savings as a 20% deposit for 3 x $500k~ houses on blocks with sub dividable potential (in different states)
Option 2 ? Use existing savings as a 20% deposit on 2 x $750k~ houses on blocks with sub dividable potential in more blue chip suburbs than option 1 (in different states)
Do you think we'd be better spreading this out over 3 properties rather than 2 properties? Happy to hear of any other suggestions.
Cheers