G'day people.
I've been eying of this property for awhile , hoping it hangs around and I get through others I'm doing and able to grab it.
It's gone in with a new agent now, I know they'll palm it off quickly and so I rang him to test the waters .
Turns out the owner,very old, is in hospital and the family just want it gone.
I explained I'd need to get through some others first but I would like to tie it up if sellers were willing to work with me.
He was keen as and said look they just want it gone , I'm sure they'll do you terms, low deposit for 12 or 18mths while you sort your others , if you want to put in an offer. Well , you don't get that op very often do ya ?
I could rent out it's house and it also comes with other titles, if I sacrificed one of them , sell it day one on vendor terms, I have a buyer and via V/T there's no need to worry about titles and what have you or involving the seller, so that can just flow through to when I settle and then on from there. Together that makes it cash positive day one.
It could just sit there after that for 10 yrs if it has to .
It's a big property , a 5 or 10 yr project, heaps of potential , I'd just like to make my last and take my time with it.
Trouble is , right now it is a bit awkward , I'm not cashed up and I'd have trouble digging up a cash deposit , but the offers on the table.
I wish I was more the wangling type , a guru would wangle a deposit with his vender terms deal, chuck that down to sellers as his deposit, arrange his rental and get in the door without a cent. Thats what they say in their books anyway , yeah I know .
I can set that up but obviously for us less wangling types , it'll take time.
So I need a manageable- which will make it a filthy but irresistible offer to get in right now and tie it up . Something to tempt them with .
It's a big place , high maintenance , which alone would be a real burden to the family as they all live hours away .
My renters and v/t buyer would take care of all that for me though so for me thats not my worry , but it is theirs until the place is off their hands , so thats one thing.
Any suggestions .
Cheers
I've been eying of this property for awhile , hoping it hangs around and I get through others I'm doing and able to grab it.
It's gone in with a new agent now, I know they'll palm it off quickly and so I rang him to test the waters .
Turns out the owner,very old, is in hospital and the family just want it gone.
I explained I'd need to get through some others first but I would like to tie it up if sellers were willing to work with me.
He was keen as and said look they just want it gone , I'm sure they'll do you terms, low deposit for 12 or 18mths while you sort your others , if you want to put in an offer. Well , you don't get that op very often do ya ?
I could rent out it's house and it also comes with other titles, if I sacrificed one of them , sell it day one on vendor terms, I have a buyer and via V/T there's no need to worry about titles and what have you or involving the seller, so that can just flow through to when I settle and then on from there. Together that makes it cash positive day one.
It could just sit there after that for 10 yrs if it has to .
It's a big property , a 5 or 10 yr project, heaps of potential , I'd just like to make my last and take my time with it.
Trouble is , right now it is a bit awkward , I'm not cashed up and I'd have trouble digging up a cash deposit , but the offers on the table.
I wish I was more the wangling type , a guru would wangle a deposit with his vender terms deal, chuck that down to sellers as his deposit, arrange his rental and get in the door without a cent. Thats what they say in their books anyway , yeah I know .
I can set that up but obviously for us less wangling types , it'll take time.
So I need a manageable- which will make it a filthy but irresistible offer to get in right now and tie it up . Something to tempt them with .
It's a big place , high maintenance , which alone would be a real burden to the family as they all live hours away .
My renters and v/t buyer would take care of all that for me though so for me thats not my worry , but it is theirs until the place is off their hands , so thats one thing.
Any suggestions .
Cheers