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Real eye opener for me. Thanks for all your comments. After further thought, we think the option 1 or 3 is feasible for us. If we choose option 1, basically we are thinking of buying the land using equity in our current properties. Once the property is bought can we get construction loan...

One of my friends offered me an option to buy a share of a property investment in QLD. Total investment would cost around 3.5 to 4 million. It?s a development site comprising of 24 town houses. The owner is keen to sell the property to us. The owner offered 3 options to buy 1) We (six...