All Topics / Help Needed! / Vendor Financing

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of rfcrichorfcricho
    Member
    @rfcricho
    Join Date: 2003
    Post Count: 1
    March 11, 2005 - 4:59 pm

    Hi guys,I’m new to this forum and would really appreciate some advice on a potential deal.
    I have an opportunity to buy a property for $167500 and on sell at $190000 under vendor terms. The duration of the deal is 4 years and the deal would also give me about $60 a week in +ve cash flow income. Is this a good deal?

    Profile photo of Alistair PerryAlistair Perry
    Participant
    @aperry
    Join Date: 2004
    Post Count: 891
    March 12, 2005 - 12:05 am

    It’s really up to you if you are happy with the return you will get. Personally, I think it is a little low.

    Regards
    Alistair

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 12, 2005 - 12:23 am

    In 6 years it could be worth $300,000. You have to ask yourself, is getting a $100 pw extra (or whatever) worth giving up $150,000 +/- in caputal gains.

    Of course, it may not go up at all, or it may even be worth much more.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    [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

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.