All Topics / Help Needed! / New Investor – Looking for Guidance

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  • Profile photo of gonyogonyo
    Member
    @gonyo
    Join Date: 2004
    Post Count: 1
    November 27, 2004 - 6:29 am

    Hi,

    I currently have put a deposit on some land that is zoned 2d, and I’m looking for some guidance on how best to go about developing the property. I have a number of friends who are wiling to participate in the cost of development but I need some guidance on a number of fronts.

    Some background first, the lot is in Western Sydney. Between my friends and we have borrowing ability, equity but no cash.

    How to arrange financing across 4 separate individuals?
    Where I can find reliable builders?
    Pitfalls to look out for?

    Gonyo

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    November 27, 2004 - 11:22 am

    If each person has equity, they could draw down individually on that equity and you could form some sort of JV to do the project.

    Terryw
    Discover Home Loans
    Mortgage Broker
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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