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  1. tobe

    Short term finance to buy and then sell land - is it worth it?

    cut and move on. to make a profit on a flip, you need to cover your costs, which are stamp duty and CGT. Just because the next stage in a development has higher sticker prices than yours doesnt mean you can sell yours at a profit.
  2. tobe

    Short term finance to buy and then sell land - is it worth it?

    If you cant afford the house and land, you cant afford the land only. Each lender is slightly diferent in their calculations, and not all brokers/bankers think the same, so just cause one guy says no doesnt mean its impossible necessarily. Most estate have preclusions about 'flipping'...
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