Thanks mate, I get it now. This word of caution that you and Robert have put forward is of great help. I need to ensure the contract has provision to be able to onsell.

Thanks,
Sam

Hi Ethan,

Sorry, I didn’t quite understand this strategy. Can you please elaborate?

Thanks,
Sam

Thanks Robert. Thats valuable information. I will try and go ahead with it to see if I can negotiate 5% deposit and get an agreement to onsell.

Thanks,
Sam

Thanks Corey. Yes I am talking about buying a land off the plan from a developer.

Scenario: I buy an off the plan land which is not titled at a price of 180K on Jun 2015. I pay 10% i.e. 18K and sign the contract between the developer and the myself.

It could get titled after one year or in some cases after 2 years. Few months before its gets…[Read more]

Yes I am talking about buying a land off the plan from a developer.

Scenario: I buy an off the plan land which is not titled at a price of 180K on Jun 2015. I pay 10% i.e. 18K and sign the contract between the developer and the myself.

It could get titled after one year or in some cases after 2 years. Few months before its gets titled, generally…[Read more]

Thanks Benny, Richard and Terry for your responses. All your insights have been really valuable.

Thanks Richard, now I have got your contact. I will get in touch with you when I find a potential opportunity to go through the nitty gritty.

Terry, those are really good points. Mainly the borrowing capacity and the deposit eaten up. Now I dont feel…[Read more]

Thanks Benny for such an insightful response (especially point 4). I am glad that I joined this forum.

Also, can you please let me know what is an MB? How do I run my figures by an MB?

Thanks,
Sam