I was presented with this offer.
Small development total cost $300K (land & buld)
Sell for $450K off-the-plan.
Property sold before construction.
That's 50% ROI!
Sounds too good.
Value your thoughts. Thank You
Here is their link for details http://www.skimthutt.co.nz/joint_venture.htm
looks interesting, but convoluted, its not clear to me when you would actually see your money. Sounds like it would come back in dribs and drabs and of course there is no gurantee they would be effective in selling the shares…..I would be wondering that if the return is so great and the development fairly small , why would they even advertise it to the public? wouldnt you just do it yourself or form a small tightly held JV.
And even better, if you put down 10% ie $30k, you would be making 400% (4 times your initial investment).
yes, that would be nice!
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