Hi Richard,I can now contribute a total of $450,000 towards this project, would it be possible to do something now and if yes on what terms?Best regards,Alastair

Hi Jon,The site is in Melbourne and does not have a current da and the land area is just over 1000sq.mtrs., similar two story units are selling between $550,000 – $640,000.Hi Richard,I can contribute say $100,000 plus the $200,000 on top from my money partners. There wouldn't be any additional security being offered. The only other problem is that…[Read more]

Hi Scott,I have found a block of land for $760,000 that would be suitable for the construction of 4 townhouses, is it reasonable to assume that I could attract investors for the initial purchase even though it is not da approved and then carry on through to the completion of the development?  Would you be able to suggest the best way forward?…[Read more]

thank you for the feedback, Ruk, can  you please elaborate on  your checklist  with regards to the purchase of the land ie. regional areas,  new estates, established areas etc. and what type of dwelling you would generally construct? Best regards,Alastair

Hi Richard,I would be looking at obtaining a  2nd. mortgage to 70-80% or higher if possible.Regards,Alastair

Hi Paul& Tracy,Thank you for your feedbackTo date I have renovated houses in middle of the road areas  that have 3 bedrooms  and one bathroom and I have managed to fit both a shower and spa into the existing bathroom. I guess the key to this whole renovation for profit thing is all about keeping costs to a minimum. I would be interested to know w…[Read more]

Hi Terry,How does this funding differ from caveat loans/second mortgages or are they the same thing. Would you possibly be able to list  some accountants that specialize in this field?