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  • Profile photo of kgv2015kgv2015
    Participant
    @kgv2015
    Join Date: 2015
    Post Count: 5

    Hi little lot,

    I am looking in Brisbane region, actually have couple sites in sight at the moment.

    I have enough equity in my PPR but bank wouldn’t give me line of credit to withdraw that because am on single income, wife is off work due to new born.

    Therefore I can’t do JV right now, but if someone wants to finance the deal am happy to do all project management for agreed fixed remuneration.

    If you are interested I can give more details of the entire deal, thanks.

    kgv2015
    Email Me | Phone Me

    Looking for JV Development Partner

    Profile photo of kgv2015kgv2015
    Participant
    @kgv2015
    Join Date: 2015
    Post Count: 5

    I couldn’t agree more, rule of thumb on developing is 20% atleast. I did a mistake, revised estimates below. I have more detailed feasibility study for interested party.

    Buy big block of land = $500k
    Get DA for subdivision for 2 blocks = $70k
    Contigency, holding costs = $30k
    Sell each block = $350k each (after selling costs)
    Total investment = $600k
    Total return = $700k
    JV profit 50-50 share = atleast $50k each (or best case $70k each)
    Investment period = 3-6 months.

    kgv2015
    Email Me | Phone Me

    Looking for JV Development Partner

    Profile photo of kgv2015kgv2015
    Participant
    @kgv2015
    Join Date: 2015
    Post Count: 5

    Hi jempire,

    I am interested in this deal, please provide more info or your contact details for further discussion, thanks.

    [email protected]
    0430475700

    kgv2015
    Email Me | Phone Me

    Looking for JV Development Partner

    Profile photo of kgv2015kgv2015
    Participant
    @kgv2015
    Join Date: 2015
    Post Count: 5

    Hi San,

    I am an investor based in Brisbane, what exactly you want to invest in?

    kgv2015
    Email Me | Phone Me

    Looking for JV Development Partner

Viewing 4 posts - 1 through 4 (of 4 total)