All Topics / Help Needed! / Vendor Financing Abroad

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  • Profile photo of Rickster123Rickster123
    Member
    @rickster123
    Join Date: 2009
    Post Count: 8
    December 10, 2009 - 2:17 pm

    Hi

    I live in South Africa and would like to employ Vendor Financing as an investment technique. Obviously, I cannot attend educational seminars on the topic in Australia, so any input or guidance from experienced folk would be gratefully welcomed.

    Regards
    Rick

    Profile photo of Jacqui MiddletonJacqui Middleton
    Participant
    @jacm
    Join Date: 2009
    Post Count: 2,539
    December 11, 2009 - 12:09 am

    I've been to seminars in the UK where this strategy was discussed.  It is apparently often an attractive option to elderly vendors – whereby you pay a substantial amount of the sale value to them, and "loan the remainder" from them.  You pay them a flat interest rate that is better than what the bank could offer them – and they sort of live of the income.

    Jacqui Middleton | Middleton Buyers Advocates
    http://www.middletonbuyersadvocates.com.au
    Email Me | Phone Me

    VIC Buyers' Agents for investors, home buyers & SMSFs.

    Profile photo of Rickster123Rickster123
    Member
    @rickster123
    Join Date: 2009
    Post Count: 8
    December 11, 2009 - 2:02 pm

    Thanks.

    Essentially, I need some pointers on the actual mechanisms and documentation / contracts that would accompany this form of investment. I own a portfolio of residential property, which I thought I might sell on this basis. Possibly on an Instalment Sale basis.

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

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