My wife and I are about to put plans into council for a 2 lot subdivision, however it looks like we are going to be on the one wage when construction time comes, so we wont be able to get a straight out construction loan from a bank (even though we could easily afford the repayments with the savings we have).
I'm wondering if we sold the units off the plan, would this help with finance? Is there anyway we could get the buyer to pay for the building progress payments?
Any help would be greatly appreciated!
I'm wondering if we sold the units off the plan, would this help with finance? Is there anyway we could get the buyer to pay for the building progress payments?
Any help would be greatly appreciated!