Hi Everybody [biggrin], I am looking for a business partner to do a development with me. I am currently working as a real estate agent in Perth and therefore know my marketplace inside out. [cap]
My partner and I are looking to get into a small development (either a duplex and triplex development) and need a partner to go 50/50.
I will do all the research of finding the block, negotiate the purchase and builders. All you have to do is be a silent partner and fund 50% of the development and share the spoils 50/50.
The developments I am looking to get into will require 300K investment with a return of 30K – 50K per development.
if this sounds like you, <edited – there is no advertising allowed on this forum, please contact admin in future for permission. Mod.>
Happy Investing,
Prakman [cigar]
Prakman
If you are serious about attracting an investment partner, you first need to locate an appropriate site then conduct research and due diligence on a specific development type i.e. duplex, to determine feasibility.
From an investors perspective, an immediate red flag from your post is not having a site location, yet you know the financing target [$300,000] and return on investment [$30-50,000].
This is a direct indication of no experience, and on this basis my recommendation to those considering contact would be to proceed with caution.
— Michael
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