Hi there everyone,
I am currently renting a property that I feel has huge potential.
As I am not currently in a position to purchase the property myself and not wanting to sponge of my father for the deposit I have asked him to purchase it and rent it to me for a period of 12 months at $165 pw.At the end of this period he would then return the total amount $8580 to me being that this would form part of my deposit.
My question is this,
Has anybody had any experience in a situation such as this and what would be the best way to go about doing this so that in the end it is a win win situation.
thankyou for taking time to read my question and I welcome any advise or comments that you may wish to make.
owen d
I am currently renting a property that I feel has huge potential.
As I am not currently in a position to purchase the property myself and not wanting to sponge of my father for the deposit I have asked him to purchase it and rent it to me for a period of 12 months at $165 pw.At the end of this period he would then return the total amount $8580 to me being that this would form part of my deposit.
My question is this,
Has anybody had any experience in a situation such as this and what would be the best way to go about doing this so that in the end it is a win win situation.
thankyou for taking time to read my question and I welcome any advise or comments that you may wish to make.
owen d