Maybe but I know this person well and understand their decision.
There were three things that needed to happen for the deal to work a) secure finance b) find a tenant for their Warriewood property or sell it c) find a place to rent in their current area that will accept a dog. They wanted to stay in the area as they have school aged children. None of these things happened so it has been decided too many things are against them.
He has been investing for a long long time and feels that cutting his losses at this point is the best way forward.
Mick - if it were me, I would be forging forward with another broker and other options. But the decision isn't mine, I can only advise.
I really appreciate everyone's input, this has been a terrifically educational experience for me too!
There were three things that needed to happen for the deal to work a) secure finance b) find a tenant for their Warriewood property or sell it c) find a place to rent in their current area that will accept a dog. They wanted to stay in the area as they have school aged children. None of these things happened so it has been decided too many things are against them.
He has been investing for a long long time and feels that cutting his losses at this point is the best way forward.
Mick - if it were me, I would be forging forward with another broker and other options. But the decision isn't mine, I can only advise.
I really appreciate everyone's input, this has been a terrifically educational experience for me too!