House and Land Package
House and Land Package < Property < Keys To Succcess Club
A house and land package involves buying land and then having a new house being built on it. In terms of financing, you would secure a construction loan which releases money to the building entity in phases as the house is being built.
During this time you are not getting rent from tenants; the theory is that you are getting the overall property at less than retail. For the developer, they are able to build using your finance.
The main consideration here is to be very careful on the total value v the market value and also to be sure on the clauses around delays. The longer the delay the worse the investment will be for you!! Have someone who knows what they are doing look at the contract carefully!
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Keys To Succcess Club > Property > House and Land Package