Hi Guys, First post on the forum, so be kind.
I was speaking to someone today who was telling me that it is possible to purchase a unit development off the plan using a deposit bond, can someone tell me a little bit more about how this works?? Also included in the coversation was a “call option” i think it was called, or an option to purchase i guess is a better description. My question is can you combine the two as the source who told me is extremely reliable and has probably done it many times before, just some of the more technical language confused me a little. Basically it was explained that i could buy a unit off the plan for little money out of my own pocket, and then onsell it before construction? with an option to purchase do you still pay CGT and Stamp duty? I thought i remembered reading in steves book that with a flip you did have to but there were ways around this such as options. Any help would be much appreciated. Thanks Guys.
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