Are you keen to hear all the 'nitty gritty' details of a very unique 'No' Money Down Deal?
Well, this 'Real Deal' from Michael Horne was just that!
Michael will be sharing his 2 Lot Subdivision in Gaythorne, Brisbane City Council, sitting on CR1 Character Zoning.
When it comes to property deals, as you know, there are ALWAYS a few bumps in the road.
In this case, the site Michael went to contract on was quickly turned on it's head when the Vendors plans changed and they needed to move quicker into care than expected due to unfortunate health issues.
Michael was quick to respond, with the aim to create WIN-WIN solutions for all, and needed to think quickly on how he could settle the deal and get the finance he needed...
Unfortunate delays in getting quicker than usual finance across the line (especially in this market) meant Michael chose to settle with cash initially (Eeek!) and then work his AR$E off to refinance the deal with alternative finance thereafter.
...OH DEAR...here comes the 'snowball' of problems...
The delays with finance then subsequently caused a delay in getting the DA submitted.
And there was a 3 month delay with the Contractor installing the standard connections for Sewer and Water. NOT fun!
Despite all these setbacks, Michael was used to thinking on his feet and working with his team to create positive outcomes.
So what were the positive outcomes Michael created along the way I hear you ask?
You'll need to come along to this Meetup to find out!
Including the details on how Michael got an 'impact assessable' application across the line in 2.5 months, even with a HUGE amount of delays experienced along the way!