My daughter and I would like to do a development, townhouses/flats, as a joint venture. We know they exist but know nothing of the structuring required.
Can someone tell us please about the pros and cons of such an arrangement and how to set it up, or where we can get further information?
Thanks in anticipation.
Heather"Opportunity is often found under hard work"
For starters you should get some sort of agreement in writing on who will do what, who will put it the money, when to sell, what if one party wants out etc. have a look at http://www.lawcentral.com.au for the agreement of purchasing property together.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Thanks for that lead, i have had a look and that is a good place to start. I looked at the Martin Ayles Development Blueprint in PRODUCTS but it is out of stock…… will try to get a copy from eBay or elswhere… it has the info I am looking for …i think.
Thanks again
HeatherHi Heather,
Rob Balanda, the Gold Coast property lawyer, has a CD on joint ventures. Also you might find some useful information on my website http://www.propertystrategies.net
You must be logged in to reply to this topic. If you don't have an account, you can register here.
