HI guys
First of all i want to tell you i am new to property investments and new to this forums, so please bare with me.
Actually i want to know if i buy a land in a new estate and get a settlement after one year or so and sell the land before settlement, Is it possible?
a friend was telling me for this i just need to give a deposit of 5% to start with and dont have to apply or arrange for the loan if i sell it before settlement date. I just want to know if this is possible? and if so what are the other things that needed to be considered?
As i am still in research phase i came across CGT, If possible can some one please explain me this too.
Cheers
High risk but possible … ask yourself this question … are we in the top of a cycle or the bottom of a cycle.
D
thanks mate.. was thinking no one is going to give any advise
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