I'm considering purchasing a display home with a guarenteed 7.5% for 5 years.
Pros:
- positive geared from day 1
- guaranteed rent for 5 years
- Insurances, rates and water paid by the builder
Cons:
- Hard to secure a loan. Does anyone know why banks dislike display homes?
- Often problem with valuation
Has anyone here purchased a display home? I would love to hear your experience/problems
Pros:
- positive geared from day 1
- guaranteed rent for 5 years
- Insurances, rates and water paid by the builder
Cons:
- Hard to secure a loan. Does anyone know why banks dislike display homes?
- Often problem with valuation
Has anyone here purchased a display home? I would love to hear your experience/problems