The property is located in NSW.

We are waiting for our solicitors to re-open after Christmas so we can speak with them.
Thanks

Thanks Terry for replying,
This situation is uncle ONLY wants to contribute $450,000 and have first morgage, this will pay for the land. My partner and myself then have to get a loan ie. second morgage to pay for building the duplex, (if this can be done). Then in 5 or so years time when market is right we sell and my uncle will get a percentage…[Read more]