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Investment 5 Strangers Purchase a 700k property, Is it feasible?

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aurora97
post May 1 2016, 09:44 AM

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1. Company got not full financing. I think is 70:30 only.
2. Sell within first five years get hit by real property gain tax of 30%.
3. Loan may be granted based on a few persons credit worthiness. Meaning there r some in ur GRP may not be eligible.
4. Risk of someone defaulting need to pick up the tab.


This post has been edited by aurora97: May 1 2016, 09:48 AM

 

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