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Lee

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    Lee replied to the topic Private Finance for Residential build in the forum Finance 5 years, 7 months ago

    Hi Richard,

    I am waiting on a fixed price quote from Builder. Will probably be a week or so.

    I don’t have any equity in the block as is. I would be reliant on end valuation of the 2 houses after build was complete. Is this something you could possibly work with.

    Lee

  • Profile picture of Lee

    Lee started the topic Private Finance for Residential build in the forum Finance 5 years, 7 months ago

    Hi,

    I currently own a house in Engadine NSW.

    I have a DA approval for a second house on the block and Subdivision once build is complete.

    Current Mortgage is 800k
    Total Build cost @500k

    Total value after Subdivision
    Minimum $1.8m

    I plan to sell the existing house after Subdivision, I have no CGT or GST to worry about.

    I am unable to…[Read more]

  • Profile picture of Lee

    Lee became a registered member 8 years, 9 months ago

Lee

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