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What's wrong with this plan..
1) Buy house on 760m2 of land for $370k.
2) Subdivide land for additional $20k in fees.
3) Sell back battleaxe for $200k.
4) Sell front with remaining original house for $350k.
5) $160k profit
Aside from tax implications on the profit, what am I missing here?
2) Subdivide land for additional $20k in fees.
3) Sell back battleaxe for $200k.
4) Sell front with remaining original house for $350k.
5) $160k profit
Aside from tax implications on the profit, what am I missing here?
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