With $200,000 what will be the better option?
1. buy $500k Resi for $100k deposit at 20% LVR and around $25k costs then build granny flat approx $75k then rent both out
OR
2. use $175k deposit for $525k CP with 70% LVR and around $25k costs then hoping you get 8% Yield?
I'd like to know what your opinion. cheers.
1. buy $500k Resi for $100k deposit at 20% LVR and around $25k costs then build granny flat approx $75k then rent both out
OR
2. use $175k deposit for $525k CP with 70% LVR and around $25k costs then hoping you get 8% Yield?
I'd like to know what your opinion. cheers.