Subdivision JV

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
 
They exist.... but what are you bringing to the table? Especially if you haven't done the full DD!

Haha yeah unfortunately without cash or experience at beat you can hope for a small fee was finding the property for someone, provided of course it's a good deal
 
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