⚠️ PROPERTY DEVELOPMENT DEALS GONE WRONG: 3 March, 2025

Be careful who you trust with your property! 🏠

Two Auckland families recently lost their homes after joining “joint ventures” with a developer who promised to build multiple units on their land. They believed they were part-owners in the deal, but ended up homeless when the companies were liquidated and properties sold.

Always get your own independent legal advice before signing ANYTHING related to your property. Don’t rely on promises – make sure everything is in writing and properly explained.

Be warned also when you see very high management percentages or high fixed monthly fees.

Remember: If it sounds too good to be true, it probably is! 💯

http://⚠️ PROPERTY DEVELOPMENT DEALS GONE WRONG ⚠️

About the author
Kirsty Merriman
For years I would plan houses, travel widely and observe communities. I also had the privilege of working for New Zealand's largest dairy company in both New Zealand and Malaysia. All the while supported by my husband and young daughter. After a while, our roles swapped and we moved to the Arabian Gulf. Meanwhile my passion for property and communities continued to simmer.

Along came COVID and had no choice but to pivot... in the words of Robert Frost, I looked for and "found the road less travelled by" and decided that maybe I could "make [a] the difference".

I look for to find insights and built a few of the houses that we need. This means a saleable house and a profitable and sustainable business.

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