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  • Profile photo of Amit SinhaAmit Sinha
    Participant
    @amit1410
    Join Date: 2014
    Post Count: 3
    November 4, 2015 - 11:42 pm

    Thank you for your response Richard, that was very informative. I’ll visit your site to gather more information.

    Profile photo of Amit SinhaAmit Sinha
    Participant
    @amit1410
    Join Date: 2014
    Post Count: 3
    November 2, 2015 - 1:26 pm

    Hey Corey,

    Thanks for the response and I appreciate you highlighting the pitfalls in doing multiple projects. To add more detail to my intention:

    1. Looking at no more than 3 projects at a time
    2. Each with 3 to 5 dwellings max
    3. Strong Equity growth from couple of properties I have purchased
    4. Strong income to support repayment
    5. No intention to hold onto the developments I’ll be doing, I would rather inject the cash back into future projects.

    Does this still sound unreasonable or too risky proposition? What are the risks (other than the obvious ones like property market crashing or me losing my job) that I should be aware of?

    Also, are there lenders who look at it solely as a project and lend money accordingly, rather than considering me as an individual with 2 home loans and set monthly income?

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