W
WebBoard
Guest
From: Anonymous
Hi fellas,
I found a positively geared property outside Melb that costs $179K and it got valuated by the banks valuator for $170K. Because it has 4 properties in 1 block (not strata titled), I found a bank that would lend 80% only. The contract was "subject to finance" but since it's just now valued at $170k what other options can I offer the vendor? I believe the vendor wouldnt go down to $170K. Any of you experienced investors have any ideas?
You're response will be greatly appreciated.
Thanking you in advance,
Anon
Hi fellas,
I found a positively geared property outside Melb that costs $179K and it got valuated by the banks valuator for $170K. Because it has 4 properties in 1 block (not strata titled), I found a bank that would lend 80% only. The contract was "subject to finance" but since it's just now valued at $170k what other options can I offer the vendor? I believe the vendor wouldnt go down to $170K. Any of you experienced investors have any ideas?
You're response will be greatly appreciated.
Thanking you in advance,
Anon
Last edited by a moderator: