I just bought a block with an old house on the front. My plan is to;
1. Rent the front house out and build on the back.
2. Move in to the back house using it as my PPOR
3. Demolish the old house on the front
4. Build a new house on the front and sell it so I can reduce my mortgage on the back.
Is it worth me moving into the front house and renting out the rear one for a year before I sell it?
Regards
Chomp
1. Rent the front house out and build on the back.
2. Move in to the back house using it as my PPOR
3. Demolish the old house on the front
4. Build a new house on the front and sell it so I can reduce my mortgage on the back.
Is it worth me moving into the front house and renting out the rear one for a year before I sell it?
Regards
Chomp