I have done next to no due diligence! But I have a potential scenario.
A relative has died recently and her house will go to auction. It is unsalvageable and is on a large block and one of a few in the area that is not yet subdivided.
I am almost in tears that I don't have the cash / couldn't get a big enough loan to support such a venture which leads to my question - do people really exist who would be the (mainly) cash side of a JV and if so how would I find someone?
Deal is in metro Adelaide.
Cheers
Cathy
A relative has died recently and her house will go to auction. It is unsalvageable and is on a large block and one of a few in the area that is not yet subdivided.
I am almost in tears that I don't have the cash / couldn't get a big enough loan to support such a venture which leads to my question - do people really exist who would be the (mainly) cash side of a JV and if so how would I find someone?
Deal is in metro Adelaide.
Cheers
Cathy