I am currently selling one of our projects in a coastal Sth East Suburb of Melbourne. This is a six unit project and will be completed in 12 months time. I am looking to put together a belated type of Joint Venture arrangement and am open to suggestions on the best way to do this.
My thoughts on the deal are as follows:
A purchaser would still get the usual stamp duty savings as normal but if they were to contribute $50K to a joint venture fund they could by way of return get a 5% discount off the purchase price of their Unit at settlement.
Eg
$400,000 Purchase price
$ 50,000 Joint Venture Contribution
$350,000 Balance
$ 20,000 Price Discount @ Settlement
$330,000 Balance payable to settle
The alternative available is simply $50K in for a 20% investment return with no purchase involved but I feel the discounted purchase is better for all involved.
Interested in your thoughts.
PS This is a real deal (except the figures are slightly different and there are some 'extras' like boat moorings available)
There are still three Units left if anyone is interested in a genuinely unique investment property. Each Unit is accessed via secure lift and all six have exclusive access to a rooftop entertainment and recreational area complete with Spa, BBQ area and 360 degree views. If interested you are welcome to Email me at [email protected]
My thoughts on the deal are as follows:
A purchaser would still get the usual stamp duty savings as normal but if they were to contribute $50K to a joint venture fund they could by way of return get a 5% discount off the purchase price of their Unit at settlement.
Eg
$400,000 Purchase price
$ 50,000 Joint Venture Contribution
$350,000 Balance
$ 20,000 Price Discount @ Settlement
$330,000 Balance payable to settle
The alternative available is simply $50K in for a 20% investment return with no purchase involved but I feel the discounted purchase is better for all involved.
Interested in your thoughts.
PS This is a real deal (except the figures are slightly different and there are some 'extras' like boat moorings available)
There are still three Units left if anyone is interested in a genuinely unique investment property. Each Unit is accessed via secure lift and all six have exclusive access to a rooftop entertainment and recreational area complete with Spa, BBQ area and 360 degree views. If interested you are welcome to Email me at [email protected]