Owner rent back

[twobobsworth]

Here's an interesting one $799 - 849K, but if you pay $1m the owner will rent back for 2 years at $1000pw

http://www.domain.com.au/Property/For-Sale/Apartment/WA/East-Perth/?adid=2007649611

 

[DaveM]

LOL, buy it for $700k and tell the owner to either pay $1k per week or get out!

 

[skater]

Here's an interesting one $799 - 849K, but if you pay $1m the owner will rent back for 2 years at $1000pw

http://www.domain.com.au/Property/For-Sale/Apartment/WA/East-Perth/?adid=2007649611

Wishful thinking! Pay $1m and receive $104k in rent from owner, or (assuming you want it & you can't get it @ Dave's $700k) pay, say $849k and rent it for two years @4% yeild (trying to be realistic and not knowing the market).

I know which I'd prefer.

 

[wobbycarly]

The ad wording made me feel dirty...

 

[RealBus]

5% return on such a outlay must have a good potential advantages. Dave's offer would be reasonable otherwise perhaps walk away.