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  • Profile photo of crittenwcrittenw
    Participant
    @crittenw
    Join Date: 2004
    Post Count: 3
    February 18, 2007 - 9:23 am

    Thanks Alistiar,
    Not sure how it will stack up.

    Land 195K
    Construction Cost including allowances for inrerest etc is 555k

    projected sale is 910k.

    Construction is a Triplex.

    Cheers

    Bill C

    Profile photo of crittenwcrittenw
    Participant
    @crittenw
    Join Date: 2004
    Post Count: 3
    February 15, 2007 - 3:14 pm

    Thanks Richard, Alistair & Kerian,

    Still using my local Bank, Richard you would know them it’s Qld’s own.
    We are a bit new to the game, did one small development (duplex)
    last year, looking to do 2 this year but it’s looking like a bit of a stretch.

    Just Listened to Martin Ayles and Steve deliver their Webinar and Martin talked about Tentative on Completion which I suppose is the same deal.

    Got the feeling that it’s generally accepted but my own bank manager and a Broker I used recently indicated that it’s only used by what they term second string lenders.

    Any thoughts.

    Cheers

    Bill

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