From: Land Holdings
I have a question for anyone willing to give it a go.
I have just been approved to take out an investment home loan for around 200k. I am looking to buy high yield properties and have found 3 suitable houses that would give me a nice rental return of around 9%. All up they would be worth 200k so I would be well within budget. I haven't asked my bank if this is okay, has anyone had any experience of buying multiple properties at once?
I haven't approached the Real estate agent as yet but I was wondering if I was within my 'rights' to ask for a discount of say 15%-20% if I buy all three from them at once. (Same settlement date and everything)
What have been other people's experiences? Are there any risks involved? Could I then ask for a discount to look after them as rentals since they have 3 properties?
All suggestions are most welcome.
LH.
I have a question for anyone willing to give it a go.
I have just been approved to take out an investment home loan for around 200k. I am looking to buy high yield properties and have found 3 suitable houses that would give me a nice rental return of around 9%. All up they would be worth 200k so I would be well within budget. I haven't asked my bank if this is okay, has anyone had any experience of buying multiple properties at once?
I haven't approached the Real estate agent as yet but I was wondering if I was within my 'rights' to ask for a discount of say 15%-20% if I buy all three from them at once. (Same settlement date and everything)
What have been other people's experiences? Are there any risks involved? Could I then ask for a discount to look after them as rentals since they have 3 properties?
All suggestions are most welcome.
LH.
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