What are the initial and ongoing cashflow commitments of doing an armchair development project?
I couldn′t agree more you don′t want to live like a pauper, even if the potential payoffs are fantastic. Because we′ve been working with armchair developer clients for over 15 years, we′ve refined a range of financing strategies to minimise your ongoing cash commitments in fact, it′s possible to structure your loans in such a way that you pay no repayments whatsoever until the project is complete. From there you do one of two things sell your project for an immediate profit or get tenants in to provide cash flow while you enjoy the capital gains. Our projects are also designed to be extremely tax-effective so you have the tenant and the taxman paying a sizeable chunk of your expenses, while your portfolio increases in value! Typically, you′re net cost of ownership is between and 1 % of the property value per year depending upon your tax savings. And there is also a strategy where you can capitalise your holding costs which means it won′t cost you a cent out of your pocket at all. Why n
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- What are the initial and ongoing cashflow commitments of doing an armchair development project?
