Hi all,
after a couple of buy-and-hold IPs I have decided to give the more active IP business a go.
My goal is to buy a subdividable block of land within the next 6 months and have given me roughly:
So I have done quite a bit of research on this topic already (including this forum, Terry Rider's reports, API, etc) and am quite clear on:
I don't see the value in looking in FHB areas, nor in areas where there are not already a number of subdivided blocks - but apart from these two points, I cannot find other criteria that help me narrow down potential areas. (Well, the council's requirements on land size is a given).
So at this stage I am considering to merge API and Terry's information (of course SS input too ) to get to these initial 4 areas, but was wondering how you guys go about narrowing down the areas suitable for subdivision - any input is highly appreciated !
Cheers,
Void
after a couple of buy-and-hold IPs I have decided to give the more active IP business a go.
My goal is to buy a subdividable block of land within the next 6 months and have given me roughly:
- 1 month to find four areas I will focus on researching.
- 2-3 months to do detailed research and narrow these four down to (something that makes sense, but probably) 2.
- 3 months to follow the market before considering to buy.
So I have done quite a bit of research on this topic already (including this forum, Terry Rider's reports, API, etc) and am quite clear on:
- What this land should include (a dwelling that can stay, so that I can sell off the empty back of the block).
- The time it takes for such an adventure (~18 months).
- The costs associated with a subdivision (~20/25k).
- The price I can pay of a suitable block (up to 500k (incl. dwelling)).
I don't see the value in looking in FHB areas, nor in areas where there are not already a number of subdivided blocks - but apart from these two points, I cannot find other criteria that help me narrow down potential areas. (Well, the council's requirements on land size is a given).
So at this stage I am considering to merge API and Terry's information (of course SS input too ) to get to these initial 4 areas, but was wondering how you guys go about narrowing down the areas suitable for subdivision - any input is highly appreciated !
Cheers,
Void