Newbie - how to find a property developer in JV

Discussion in 'Introductions' started by Dipika, 31st Jan, 2020.

Join Australia's most dynamic and respected property investment community
  1. Dipika

    Dipika New Member

    Joined:
    31st Jan, 2020
    Posts:
    1
    Location:
    Victoria
    Hi my husband and I bought our home about 10 years ago. It's in Melbourne south east. We bought it with the aim to develop it into sub lots and homes on it. Unfortunately financials haven't been favourable and we haven't been able to secure enough to develop it on our own. I would like some advice on how to get a property developer who will help to develop the property - financially and services. And we split the profits from sale. Alternatively if the land is developed into two or four townhouses then each of us take two properties to sell.

    I know my question may sound a bit naive but I am just after some sound advice to help. Thank you.
     
    Dipika, 31st Jan, 2020
    #1
  2. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,020
    Location:
    Brisbane
    We looked at doing a JV for a similar project and if you google "Joint venture property development Melbourne" you'll find some hits. Just be very careful and do lots of homework and get a good lawyer to look over everything before taking anyone on.
     
    wylie, 31st Jan, 2020
    #2
    KateAshmor likes this.
  3. KateAshmor

    KateAshmor Victorian Conveyancing Lawyer Business Member

    Joined:
    25th Jun, 2015
    Posts:
    711
    Location:
    Melbourne
    KateAshmor, 2nd Feb, 2020
    #3