A friend would like to start small in property development buying a stand and using a builder to build a house on this stand which he will then sell at a profit. Then repeat.
The property is at the coast, sea views and all of that. Selling price at the end around R1.6M
What advise would you give to structure such a deal? What type of entity should the deal be done in? What should he keep in mind (any lessons learned)?
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