Daily Money & Investment Tips: Day 1

When purchasing a house (maybe even your first), look to see if the property is 'sub-dividable', if so you could possibly spend (or borrow) approximately another $20,000.00 to create a second block of land which you could either build on, or sell for multiple times the price it cost you to do the sub-division.

If the block isn't 'sub-dividable', then look to see if the block is big enough to add a 1 bedroom unit on (with its own vehicle access)....at least then you could rent it out fully furnished or as an Airbnb.

I'll be posting again tomorrow with another "Daily Money & Investment Idea"..