We have a block we would like to subdivide in the future. We have the money to do it now.
Personally I would rather use the cash to fund more IPs which we will rennovate. In theory we should still have equity available down the track with rennovating
But worse case scenario - we don't buy well and don't make equity of a renno, would we be able to borrow money to subdivide our block and sell of the vacant land? Assuming no equity in any properties
Personally I would rather use the cash to fund more IPs which we will rennovate. In theory we should still have equity available down the track with rennovating
But worse case scenario - we don't buy well and don't make equity of a renno, would we be able to borrow money to subdivide our block and sell of the vacant land? Assuming no equity in any properties