What to do with a 1m budget to create equity to cash out?

Discussion in 'Introductions' started by Mossy, 30th Jun, 2021.

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  1. Mossy

    Mossy New Member

    Joined:
    30th Jun, 2021
    Posts:
    1
    Location:
    Sydney
    I have one property with 70k equity I can cash out.

    I have 200k cash and I can borrow about 800k.

    I want to do something that allows me to cash out 300k in equity in 12 months time.

    So basically my budget is 1m with 200k deposit. I want the investment after 1 year to be worth 1.3m so I can cash out 300k.

    What I can think of is subdivision. Is that target achievable in growth and timeframe?

    Any other ideas?

    Really appreciate any help.