No money down.

Hi everyone,
I am currently negotiating to purchase a new development site for residential subdivision. For us we will be taking big step up in project size.
So I am therfore looking for a way to minimise our up front costs but also reduce risk.

The property is for sale at $2.5M with construction costs projected at $2.5M.

So far we have made offers for a joint venture with the vendors puting up the land and us the construction, with profit share. We have also put 2 offers in with long settlement one for a year and one for two year settlement, but the offers aren’t as yet exciting the vendors.
Any ideas from you guys how we could create a win/win offer here?

Any discussion would be much appreciated

Rosco:)