vendor finance

  1. P

    Awkward property to obtain finance for, any suggestions?

    Hi there, I am very very keen to get deeper into debt in the form of buying another investment property on a buy and hold strategy. Before I do though I want to buy a PPOR. We are looking at buying a block of land and building. There is a reason for this. My wife runs a dog walking...
  2. C

    No interest! Would you hold, sell VF???

    Hi all Due to the oversupply of rentals in the current Canberra market, I am having difficulties renting my 1-br unit (7 weeks and counting…. others have been advertised for longer). The PM is great and we are doing all we can to keep the interest – lowering rent ($40/week and lowering)...
  3. M1zz

    How to Buy a house for $1 - Wrapping / Vendor Financing

    Hi all, As the title suggests, yesterday I attended Rick Otton's one-day seminar in Melbourne on How to Buy a House for a Dollar and I just wanted to share the experience with you guys and ask a few questions if I may. I am sure that some of you must have attended one of his seminars before...
  4. P

    Help!! with this Vendor Finance deal

    the situation is like a Mortgage Repossession: The property was in litigation since 2009 and it just came of the litigation in october 2012. Because it was in litigation the owner did not have to pay any payments to the bank during the litigation period. Now the property is in the possession...
  5. aaarghhh

    Vendor Finance vs CreditCrunch

    Just curious and wondering electronically.:) Does anyone else think the residential markets will see more vendor finance deals as a consequence of banks stricter approach to lending? The flow of readily available credit slows down because the banks have tightened their lending criteria, No...
  6. Pablo

    How do banks view using vendor finance as the deposit?

    Hi, My grandfather is moving into a nursing home and since the house is out of my price range I was thinking of asking if I could purchase it via vendor finance say 26% payable in 5 or 7 years. I am however curious how the banks deal with vendor finance and what their views are on it...