All Topics / The Treasure Chest / some body explain how rental purchase works

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  • Profile photo of mauriciomauricio
    Participant
    @mauricio
    Join Date: 2003
    Post Count: 23
    August 22, 2003 - 8:05 am

    some body explain how rental purchase works

    Profile photo of spider_2spider_2
    Member
    @spider_2
    Join Date: 2003
    Post Count: 79
    August 22, 2003 - 10:54 am

    Hi Mauricio and welcome to the forum,

    What exactly do you mean? Could you give me a bit more to try to answer your question?

    Cheers
    [:)]

    Profile photo of maximusmaximus
    Member
    @maximus
    Join Date: 2003
    Post Count: 189
    August 22, 2003 - 11:02 pm

    Hi Mauricio. Bluntly, (but definately not rudely), borrow money to buy a property, rent it out, any money left over after repayments is yours (positive), any shortfall is to be paid by you (negative). Hope this helps in some way.

    Marty

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 23, 2003 - 8:32 am

    Rental purchase is where someone rents a property with part of the rent being credited off the price they will eventually pay for the property. Sometimes also called a lease option.

    Terryw
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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