Hi all,
just joined the forum after sneaking around for a while.
Wifey and I are looking at doing a little property investing.
Presently we are looking to buy land and build a new home ... however I notice that most of the discussion here is regarding buying established.
Apart from the obvious drawback of having to pay an interest only loan for about 9-12 months while we are securing land and building and not having any rental income coming in ... what are the other pros and cons of each scenario.
Thanks in advance
Dugg
just joined the forum after sneaking around for a while.
Wifey and I are looking at doing a little property investing.
Presently we are looking to buy land and build a new home ... however I notice that most of the discussion here is regarding buying established.
Apart from the obvious drawback of having to pay an interest only loan for about 9-12 months while we are securing land and building and not having any rental income coming in ... what are the other pros and cons of each scenario.
Thanks in advance
Dugg