So you’ve found a great development site.
It ticks all the boxes for delivering a profitable project. You’ve done your due diligence and you know you can get Council on board, the Builder lined up and the Buyers excited. It’s taken months of research and expert consultation.
But there’s one BIG problem.
You can’t get finance.
The banks have said no, your brother says no and your investment buddies don’t have any spare cash to send your way.
The property deal of the year is slipping through your fingers and it’s making you think this whole development caper is just too hard.
You could walk away. But I’ve got a better idea….
How about you get creative?
One of the strategies you’ll hear me talk about a lot is no (or low) money down deals. They’re a magical method for getting deals over the line when you don’t have enough of your own funds to put into the deal.
And one of the best no money down strategies is to get the Vendor to finance the deal directly.
It ticks all the boxes for delivering a profitable project. You’ve done your due diligence and you know you can get Council on board, the Builder lined up and the Buyers excited. It’s taken months of research and expert consultation.
But there’s one BIG problem.
You can’t get finance.
The banks have said no, your brother says no and your investment buddies don’t have any spare cash to send your way.
The property deal of the year is slipping through your fingers and it’s making you think this whole development caper is just too hard.
You could walk away. But I’ve got a better idea….
How about you get creative?
One of the strategies you’ll hear me talk about a lot is no (or low) money down deals. They’re a magical method for getting deals over the line when you don’t have enough of your own funds to put into the deal.
And one of the best no money down strategies is to get the Vendor to finance the deal directly.