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Sorry I think I was a bit unclear, I have the ability to borrow funds to build. However as my parents own the land I'm not sure if banks would consider lending to me for the build.
They have the funds to complete the subdivision but not to complete the build. We have the funds to build and not having to buy the land would be a bonus. The idea is that we could do this as a joint project between us and them and but as I said I'm not sure of the way(s) to go about it.
More or less. The reasoning being that there is more profit in the sale if there is a house rather than them just selling the land as a vacant block.
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