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A friend of mine, recently found about investing in developing. What the proposal is, you invest with the developer as a joint venture, what you recieve is 12%p/a and 50% of the profit. So, in fact, what I would recieve is $52000, if invested $100k. Of course this is without tax.
What do you think? Good return or is there better out there?
Is it risky? If so, what are they?
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