Have you heard of ‘Splitters”?
They are a type of real estate deal, where you can ‘split up’ a block of land into two blocks…
Without going through the normal costs and time of a sub-division process.
That’s because the land is already legally made up of two or more existing lots on the one title.
As Nhan Nguyen says:
“If it’s a genuine splitter block, you don’t have to pay that
$28,000 in council contributions and you don’t have to do a council approval because there’s already two lots there”
You just pay a few $100 to the council and can have the block split into two in a matter of days.
Here’s an example.
This ‘splitter’ was bought for $550,000.
And, once it was split, the two blocks were valued at around $330,000 each, making the land worth $660,000.
Now, as you can see from this example, these are not always huge earners.
You might only make $50,000 on a project after associated costs – such as removing the old house and tax.
BUT… you can still do them from start to finish in a matter of months.
And there are still 100’s of these deals to be found – when you know how.
This is one of the investing strategies Nhan will talk about at “Deals on Fire” so make sure you listen out for it.