Johnston
Hi Julie,
I wonder if things are going bad up at harrington/forster it may be a good time to pick up a cheap opportunity up there?? what do you reckon?
About your situation. There are very effective ways of turning a bad situation into a good situation . have a look at...
brizza... wrapping is real ... it is simply selling with a terms contract a property that you already have a mortgage on. years back it was the only way they used to sell farms to each other because the banks wouldnt lend them. It works ... some proper education on the strategy will rule out any...
you simply borrow the money and buy the house. you legally dont have to say anything about wrapping it and i never do. thats ok legally ... my very experienced wrapping solicitor told me. sure the bank people dont understand wraps and will say that so dont say anything to them. ..... then you...
20% deposit plus 6% start costs taken from your approved line of credit. to go get an 80% loan so you can buy something.
yes in the end your borrowing the lot but there is a limit to how many times 26% can come out of your LOC before you max out.
You know that.
There is a thing called...
The option seller does not take any risk of you defaulting. you pay him some upfront money and enough weekly to cover all his costs. if you default he keeps it and you go. He does it because he has a need.
they cant get a sale at market price in this market quick enough for their needs and...
as an investor on the buying end of a lease option you are not paying more weekly or paying more for the property if youve got the rite deal. the trick is to look around and find it. you are not giving away equity. you secure the property with the rite but not the obligation to buy at an agreed...
there are more reasons that simply 2 different beleifs about the market movements. theres a million different circumstances. i got access to a lease option because the vendors circumstances changed. they had 3 propertys and 3 members of the family were holding them. next 1 family member suddenly...
historically in uk, nz and australia realestate has doubled every 7-10 years. on the whole then "realestate is always going up" .. yes there are factors and variables locally. thats where your wisdom and due dilligence comes in. i assumed i didnt need to point that out though. its on a deal by...
i admire your wanting to move ahead mate. there are risks alright with off the plan stuff particularly in this slow market. a "call option" (as opposed to a put and call) means that you pay money in .. the only risk being that if you dont go ahead with the deal you loose what you put in and they...
more detail would help
I am interrested to know how much does she need now and what is she willing to receive week to week. these will determine wether its a good deal or not. also how despirate to off load it will determine how negotiable she is.
about the valuation. i just looked at a...
getting started
consider this.
look in your local paper or any paper. or go to www.rickotton.com.au forum.
in the paper you will find "for sale by owner" adds. or low deposit adds. on the forum you can ask does anyone have such a house to sell you. have a look at the one at wagga wagga...
who said it will be worth less when its time to buy?? realestate is always going up over time even if its a bit slow just now. option to buy freezes the buying price at the value agreed upon. the length of the option period is negotiable up front so you may have a 5 or 10 year option. how would...