Hi all,
My ultimate goal is to get into property development, starting off small boutique developments of 2-6 townhouses or units then progress onto larger projects. After speaking to my broker I know this isn't possible from a finance point of view. The only way forward is to form a partnership JV with another person with similar goals to me. Does somersoft have the facility to link like investors this way? or does anyone know how this is possible through other avenues? Can anyone with experiences with this shed light on how I can get this off the ground?
My details:
34 years old
3 IP's all in Brisbane cash flow positive
Good equity position
Decent income
Development will be in Brisbane within 30km of cbd- ideally buy LMR site which has approvals done already. Not looking at keeping any stock just want to build then sell for profit, then go again.
My ultimate goal is to get into property development, starting off small boutique developments of 2-6 townhouses or units then progress onto larger projects. After speaking to my broker I know this isn't possible from a finance point of view. The only way forward is to form a partnership JV with another person with similar goals to me. Does somersoft have the facility to link like investors this way? or does anyone know how this is possible through other avenues? Can anyone with experiences with this shed light on how I can get this off the ground?
My details:
34 years old
3 IP's all in Brisbane cash flow positive
Good equity position
Decent income
Development will be in Brisbane within 30km of cbd- ideally buy LMR site which has approvals done already. Not looking at keeping any stock just want to build then sell for profit, then go again.