kgv2015 replied to the topic Looking for JV partner to execute splitter block deals. in the forum Creative Investing 2 years, 7 months ago
Hi little lot,
I am looking in Brisbane region, actually have couple sites in sight at the moment.
I have enough equity in my PPR but bank wouldn’t give me line of credit to withdraw that because am on single income, wife is off work due to new born.
Therefore I can’t do JV right now, but if someone wants to finance the deal am happy to do all…[Read more]
kgv2015 replied to the topic Looking for JV partner to execute splitter block deals. in the forum Creative Investing 2 years, 8 months ago
I couldn’t agree more, rule of thumb on developing is 20% atleast. I did a mistake, revised estimates below. I have more detailed feasibility study for interested party.
Buy big block of land = $500k
Get DA for subdivision for 2 blocks = $70k
Contigency, holding costs = $30k
Sell each block = $350k each (after selling costs)
Total investment =…[Read more]
kgv2015 replied to the topic Are you an investor based in Melbourne or Brisbane? in the forum General Property 2 years, 8 months ago
I am an investor based in Brisbane, what exactly you want to invest in?