Converting Vacant Blocks into Investments

Discussion in 'Real Estate' started by CJ. Wentworth, Feb 23, 2006.

  1. CJ. Wentworth

    CJ. Wentworth Member Original Member

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    I've just purchased a small block of land in Far North Queensland, Australia. I'm not sure how things are run (tax-wise) from wherever you're from, but here if your property/whatever is not earning an income, then any expenditure on the property is not tax deductable.

    I was wondering if there is anyone out there with suggestions for turning this block into an income producing property, without building a house on it.
     
  2. DKnightSr

    DKnightSr Member Original Member

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    I just took a peak at it. Man, that is BEAUTIFUL! To heck with the tax savings... pitch a tent on it, break out a cold six pack, and enjoy the view! Few things in this world are better than what you have there.

    I jealous! :(
     
  3. poornewb

    poornewb Member Original Member

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    Uhh golf course, R.V. park. Camp grounds. Put a Clubhouse on it and use it as a Company retreat, Build a spa on it, with beach huts. Put some amenities on it and charge people to swim at the beach in a nice area with say some cabana's. possibiltys are endless. Good luck.
     
  4. marypeterson

    marypeterson New Member Original Member

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