From: Ray Summerton
We have the opportunity to purchase a house in Adelaide on a Large Block 1100m2. We aim to build two townhouses on the rear while renting the house to cover the cost of the initial purchase. The block next door has three units on it so we don't foresee problems with Council Approval. We are in the moderate income group and wonder what are the steps involved in building and financing initially the two T/Hses, then perhaps knocking down the house and building a third T/Hse, using the whole project as a long term investment and borrowing the funds to do it. Is there someone out there who has done this and can offer advice or recommend someone who can? Many Thanks Ray
We have the opportunity to purchase a house in Adelaide on a Large Block 1100m2. We aim to build two townhouses on the rear while renting the house to cover the cost of the initial purchase. The block next door has three units on it so we don't foresee problems with Council Approval. We are in the moderate income group and wonder what are the steps involved in building and financing initially the two T/Hses, then perhaps knocking down the house and building a third T/Hse, using the whole project as a long term investment and borrowing the funds to do it. Is there someone out there who has done this and can offer advice or recommend someone who can? Many Thanks Ray
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