I found a land that is subdividable. There is an existing house is not good for renting.
Can I negative gear the property till I subdivide the property? The house is in very bad condition to rent it out but I am happy to rent it out if somebody is ready to rent it?
If I subdivide the property and decide to sell one block to recoup some money, are there any advantages in selling the block with the house or new block?
Can I negative gear the property till I subdivide the property? The house is in very bad condition to rent it out but I am happy to rent it out if somebody is ready to rent it?
If I subdivide the property and decide to sell one block to recoup some money, are there any advantages in selling the block with the house or new block?