W
WebBoard
Guest
From: Matthew Campbell
Hi everyone.. I would like to thank the contributors especially the more experienced investors in freely giving us newbies of your experiences.
I would like to know if this technique is plausible, if it is used and how easily it is to implement, if not, is there other ways to eventuate the same outcome?
Of course, often a major part of the acquisition costs are legals and stamp duties. Considering that many valuers take the FMV as the contract price, would it be feasible that, during negotiation with the vendor, encouraging him/her to pay the legals and stamp duties for you, yet adding a comparable amount into the contract price so as the bank will be lending ON the house+legals+stamp duties and therefor increasing the what I guess you could call the net LVR.
How could this be applied to a normal terms contract or a lease-option?
Does anybody use this?
How do they motivate the seller to agree to this?
Regards
Matthew
Hi everyone.. I would like to thank the contributors especially the more experienced investors in freely giving us newbies of your experiences.
I would like to know if this technique is plausible, if it is used and how easily it is to implement, if not, is there other ways to eventuate the same outcome?
Of course, often a major part of the acquisition costs are legals and stamp duties. Considering that many valuers take the FMV as the contract price, would it be feasible that, during negotiation with the vendor, encouraging him/her to pay the legals and stamp duties for you, yet adding a comparable amount into the contract price so as the bank will be lending ON the house+legals+stamp duties and therefor increasing the what I guess you could call the net LVR.
How could this be applied to a normal terms contract or a lease-option?
Does anybody use this?
How do they motivate the seller to agree to this?
Regards
Matthew
Last edited by a moderator: