Hi all, wonder if you can help me? I'm new to property investing, hoping to buy my first IP later this year. Been speaking to a few people & like the idea of buying an IP where I can add value of some kind, get it revalued then borrow some of the equity for the next IP I've recently noticed some property listings having a line like 'offered at land value' even though the house isn't that bad (not great but not terrible either) which got me thinking Does anyone use this as a specific strategy - looking for properties that are available at close to land value (or even below land value - is that even possible?)? Is 'land value' actually a good measure of the minimum value of a property? And how does buying at/below land value affect the revaluation? Basically I guess I'm asking whether buying a property at/below land value is an easy/obvious way to manufacture equity?