G'day all,
may I tap the brains-trust yet again?
i have a few AMAZING opportunities at my feet.
these are genuine "no money down" deals FOR ME.
the deal is this.
i provide my services for a number of large development sites in exchange for one or two units at wholesale (ie land purchase price plus house cost plus holdings minus developer's profit).
no strings, no catches. my fees for some of these sites would be fairly hefty - but the "deposit" for the purchase would be put up by the developer, and then "gifted" back after settlement. (is that dodgy as far as the ATO is concerned??)
or it can be worked that an independant valuation is set up for the finished product, then i pay the "full amount" and have 25% refunded back after settlement. it would be contractural so the bank can see that 25% is coming back.
does this sound feasible? how will the banks look at it? does it sound like something CBA would look at or is it one of those "walk into bendigo and state your case to the manager" type deals?
if anyone's got any other cool ideas i'd like to hear about them as well.
may I tap the brains-trust yet again?
i have a few AMAZING opportunities at my feet.
these are genuine "no money down" deals FOR ME.
the deal is this.
i provide my services for a number of large development sites in exchange for one or two units at wholesale (ie land purchase price plus house cost plus holdings minus developer's profit).
no strings, no catches. my fees for some of these sites would be fairly hefty - but the "deposit" for the purchase would be put up by the developer, and then "gifted" back after settlement. (is that dodgy as far as the ATO is concerned??)
or it can be worked that an independant valuation is set up for the finished product, then i pay the "full amount" and have 25% refunded back after settlement. it would be contractural so the bank can see that 25% is coming back.
does this sound feasible? how will the banks look at it? does it sound like something CBA would look at or is it one of those "walk into bendigo and state your case to the manager" type deals?
if anyone's got any other cool ideas i'd like to hear about them as well.