I wish to get back into property investing following losses through the GFC i need assstance with vendor finance into property
with a low deposit.Whereabouts are you looking Martin ?
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
How low is the deposit?
Is it for you to occupy or have tenanted?Cheers,
TraceyHi Always
As Tracey asked, how low is your deposit and do you want to rent it or live in it?
If you want this property for investment purposes I'd suggest you don't buy with vendor finance (VF) from a vendor financier. The average client of a vendor financier is a person who is locked out of traditional home loan finance, for one or more of a myriad of reasons but is still wanting to get into her/his own home. These people know they pay a premium price when they buy with VF from a vendor financier.
Buying and IP from a vendor financier would usually seriously increase your negative cash flow above that which a lot of investors in Australia seem happy to accept.
However it is possible to to educate yourself about buying property, direct from the owner, with VF. There are many reasons why people will consider selling their property with VF. It's just a matter of finding those people and learning a sufficient number of VF techniques, so you have a chance of coming up with a solution to their needs.
It's a pretty wide subject but if you do a search on "vendor finance" on this forum you'll find some great information resources on the subject.
To allow you to see what vendor financiers have available for sale, a couple of places to look are:
http://www.renttoownhome.com.au
http://www.vendorfinancedirectory.com.auCheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
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