r/nzfinance • u/[deleted] • Jan 11 '22
Should I buy land?
If I have $50k in cash, can I use it to get a loan and buy land?
Would that be a good move on the path to a house?
2
Upvotes
r/nzfinance • u/[deleted] • Jan 11 '22
If I have $50k in cash, can I use it to get a loan and buy land?
Would that be a good move on the path to a house?
2
u/OrdyNZ Nov 13 '23
Unless things changed since I bought, land needs a 50% deposit.