Knowing the city plan in detail allowed me to buy this property without paying a premium for its subdivision potential
- EQUITY MANUFACTURED - SUBDIVISION
- $148,364 (27%)
- EQUITY MANUFACTURED - BUILD
- $231,381 (17%)
- EQUITY MANUFACTURED - SUBDIVISION & BUILD
- $379,745 (31%)
By taking advantage of my knowledge about recent changes to the city plan, I was able to secure this property in 2014 without paying a premium for the subdivision potential. After building two brand new houses, I was able to manufacture over $379,000 in equity and improve rental yield to 5.5%!
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