Hi All,
I have an opportunity to get a block of land at a cheap price off my parents down in the gippsland lakes area for 20K. I would like to buy the block and relocate a house down there. I have been offered a house relocated and set up on foundations for 35K. I currently rent in Melbourne and am quite happy doing this but would like to arrange finance for the above. It would be my first property and would only be a holiday property. What is the best way I can go about this. I would say the project all up would cost around 75 -80K as an estimate and the property would be valued at around 150K.
I have an opportunity to get a block of land at a cheap price off my parents down in the gippsland lakes area for 20K. I would like to buy the block and relocate a house down there. I have been offered a house relocated and set up on foundations for 35K. I currently rent in Melbourne and am quite happy doing this but would like to arrange finance for the above. It would be my first property and would only be a holiday property. What is the best way I can go about this. I would say the project all up would cost around 75 -80K as an estimate and the property would be valued at around 150K.