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  1. RumpledElf

    Vendor finance

    I'm kinda thinking I need to put a link to Homestart in the ad on Gumtree. When I had the house for sale pre-September the FHOG was a 24% deposit, now its a lot lower. I think Homestart is the only place where, say, someone on the disability pension ($15k a year - my house is far too big for a...
  2. RumpledElf

    Vendor finance

    I have the house listed at below market value (the sale price is the bank valuation figure from two years ago when our bathroom was a ripped up mangled pile of stone and dirt with not a tile in sight) and of course the gross rental yield vs that value is 7.6% so it would have to be vendor...
  3. RumpledElf

    Vendor finance

    I've got a house advertised on Gumtree and have had several requests for vendor finance. It strikes me as a Very Bad Idea from every angle. I have the house rented out at $110pw at the moment, assuming someone did the vendor finance thing they'd give me $15,000 as a 20% deposit and then pay...
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