Hi guys, wondering if anyone can help, new to investing, but situation I have is mother inlaw has a nice old house on 700sqm block, would love to demolish house and build 3 x 2 story townhouse on there, she owes 40k on loan, so she would need 1 to live in, not sure if anyone done something similar or has a good suggestions on structure I could do, we have good equity in our ppor but she has the land and location for a good investment, any help?
Buy it from her at market value, rent it out to her in the meantime while you get plans/permits, then build?