Recent content by DonW

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    Conditions to Include in a 25% Vendor Financind deal

    Hi Rolf and JO, Regarding the buying costs factored into LVR, what I'm doing is basically agree at a purchase price of $ 520,000 and get the Vendor to pay buying costs (in my explanation I tried to break it down to $ 500,000 + $ 20,000). I believe legally anyone can pay the buying cost in a...
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    Conditions to Include in a 25% Vendor Financind deal

    Hi Rolf, Thank you for the reply. What if I come to an agreement with the Vendor saying I will provide a personal guarantee instead of using the property as a security for the Vendor financed portion? Do you think that would be acceptable? Thanks Don
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    Conditions to Include in a 25% Vendor Financind deal

    Hi all, I'm in the process of finalising a creative deal to purchase an IP. I really need some help in filling up the Offer letter, especially to include financing terms. The deal: 1. 25% vendor financed at 5% for a term of 5 years 2. Vendor pays the borrowing costs and the purchase pays...
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