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From: Brett Burt
Myself and about 10 friends/associates are or have put together a private unit trust. $75,000 in - still need to get to the magic million. These funds will purchase land and the land will be used as security to do the development which will be 1. townhouse 2. architecturally different 3. No bigger than 10 to 12 in block 4. for home buyer market 5. using construction loan of 7.5%
Returns (according to our very good project manager) will be minimum 25% up to 30%. Even higher but we are not dangling that carrot - it will be a pleasant bonus. So on $75,000 in we reckon we will pull $100,000 out. If we stick to together and roll it into another trust development, we should turn $75,000 into $750,000 in around 5 years.
This is not open to the public (due to ASIC requirements) but I am happy to tell you how we are going about it and assist to facilitate it for you. BB
Myself and about 10 friends/associates are or have put together a private unit trust. $75,000 in - still need to get to the magic million. These funds will purchase land and the land will be used as security to do the development which will be 1. townhouse 2. architecturally different 3. No bigger than 10 to 12 in block 4. for home buyer market 5. using construction loan of 7.5%
Returns (according to our very good project manager) will be minimum 25% up to 30%. Even higher but we are not dangling that carrot - it will be a pleasant bonus. So on $75,000 in we reckon we will pull $100,000 out. If we stick to together and roll it into another trust development, we should turn $75,000 into $750,000 in around 5 years.
This is not open to the public (due to ASIC requirements) but I am happy to tell you how we are going about it and assist to facilitate it for you. BB
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