you may save money if your smart about it and do a lot of the work you mentioned in your post, I would do alot of the things you mentioned above if you know how to source these people and also good deals then get the builder to do his part and as for the rest get your own contractors in, but you do have to get the correct people so there not getting in the way of the builder etc.
but yes the builder will wak on a good margin for himself.

you will need to be around quite alot to manage things and show contractors what to do.

Hopeless, the same thing happens when trying to buy a property.

Ive also had people call me direct and they have said the agent has fobbed them off, and they would like to look at the property I have for lease and sometimes I understand why the agents fobbed them off but there has been other times when there has been nothing wrong with the people and then I have signed them up on a lease, then contacted the agent and have said I have leased it, agents always ask ohh who did you lease it to, and I tell them the name and thats it, and the agent does not say a word, funny that, caught out.

Jay don't listen to what other people are saying, do what you think is right, freinds and family always say its a bad idea unless they have done it them selfs and still sometimes they can be negative.

How about you approach the vendor or agent and sign up a deal subject to finance on a longer settlement,
Now if there all on seperate titles and you have some spare cash in the bank you could buy one or 2 then have it valued at its true value and then use the equity in that one to get the next one and so on, it might take a while but it will be worth it in the long run.
from my calculations they look like a good buy around 15% return

Or maybe the vendor will do some vendor finance, so buy them and have them revalued and draw down on that cash at a later stage to pay out the vendor

Hi YoungInvester

I can do it secured

The $1.8 will be buying $2.5

so there is $700 there if something went wrong but nothing will go wrong

I would get approved from a bank but this deal came up at short notice and there is no time for a bank to do everything they need to do, well there probably is but you no how slow they are, so a private investor is my last chance at this stage
If someone has this kindof money sitting around ready to go then I would cut them a very good deal
or if they want half the deal they will make about $300k overnight but if they want to sell then they will make this within a couple of months

I guess not, silly move if they are not getting much business from what they did last time, If they stayed below everyone else and did not get greedy again then they may have got some extra business this time around.

Richard my last post disapeared, But was wondering is there any way to get my hands on $1.8m asap without having to go threw the banks slow process, possibly from a private lender that wants a $100k return in 6 months

sorry Richard, I kindof ment how do you get the valuation for free. thanks

Hi Richard, how does this work
will someone come out and value it?
or will he just pull it off the net

Ok,

How would you structure this from day one, you start with $0 and you build your way up to this over a period of 10 years
where would you start how would you structure this???

Ask more questions if you need too.

$10 million assetts

$5 million mortgages

$500k expenses

$750k turnover

$250k profit

But remember you start with $0 and you build the above each year, you could divide each of these figures into 10 and each year this will be the amount you add on upto 10 years

So first 12 months

$1 million

$50k mortgages

$50k expenses

$75k turnover 

$25k profit

In 24 months this figure will double and so on

So I am keen to see how each of you would structure this