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  • Profile photo of benhatterbenhatter
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    @benhatter
    Join Date: 2009
    Post Count: 8
    August 31, 2009 - 8:47 pm

    hi kenny, there are two area's in NSW that i've been looking at. There is a bit of crime in these areas but nothing that can't be mitigated with good management.
    Ben

    Profile photo of benhatterbenhatter
    Participant
    @benhatter
    Join Date: 2009
    Post Count: 8
    August 30, 2009 - 9:44 am

    by ULV i mean unimproved land value set by local councils. say a property is on the market for $70k (there are properties for around this price not to far from a major city and beach). the ULV's of this area are around $48k does that mean that i'm getting the house for $22k and what sort of house would you expect for that price
    thanks

    Profile photo of benhatterbenhatter
    Participant
    @benhatter
    Join Date: 2009
    Post Count: 8
    August 14, 2009 - 8:28 pm

    thanks richard,
    so say i wanted to purchase a property for $80000 does the vendor loan me the 20% deposit plus purchase costs which would be $20000 does the vendor get a loan for that amount and i pay it off over and above the rate of interest that he is paying. also would i have trouble getting finance for the rest of the loan because I'm a student on government benefits. the properties i'm looking at are well positive would that help with serviceability
    cheers

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