Forums / Property Investing / Value Adding / 7 Townhouse Development Project in Melbourne North- JV Money Partners Required

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  • Profile photo of TinoTino
    Participant
    @green45
    Join Date: 2014
    Post Count: 3

    The Deal is to purchase an existing house and construct 7 new townhouses.

    Project Summary details below:

    Project Strategy: Delayed 12 months settlement to obtain a planning permit for 7 townhouses. Then presale, build and exit the project.

    Timeframe: 24 Months.

    Money Partners: Looking to team up with 2 money and loan partners immediately.

    First partner to contribute $489k cash throughout the first 12 months of the project, and service a loan of $750k once settlement occurs at the 12 months mark.

    Second partner to contribute $466k cash throughout the second 12 months of the project, and service a loan of $750k.

    Project Return on JV Funds: 50.5% for 1st cash partner and 35.3% for 2nd cash partner over 24 months. The JV doing partners are made up of Don and Tino who are classified as 1 single party, so profits will be shared between 3 parties only.

    My name is Don Le and I have completed the following programs which include 2017 Platinum Coaching Program with Dymphna Boholt , 2016 Ultimate Real Estate Success Coaching Program with Dymphna Boholt and PDS – Property Development Blueprint Program with Amy & Jason Byron,. I have over 10 years working experience as an Architect/Project Manager in Melbourne, specialising in multi-residential projects. I’ve had experience leading projects from a range of different scales, involving 4 high-end townhouses in Malvern East up to 74 townhouses in Alphington.

    My business partner Tino Maugeri has also completed the Property Apprenticeship with Steve McKnight,PDS – Property Development Blueprint Program with Amy & Jason Byron and Ultimate Real Estate Success Coaching Program with Dymphna Boholt. He compliments my architectural strengths with his building construction and project management background. He has more than 25 years’ experience in management roles with 11 of those years being on building sites.

    If you are finance ready now as per details above and want to learn throughout this journey, please feel free to contact my business partner Tino on 0433 829 777 or Don Le on 0404 686 671. Otherwise, you can email us on [email protected] or visit our website on http://www.designedgepropertygroup.com.au

    • This topic was modified 10 months ago by Profile photo of Tino Tino.
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