guys…….why are you going to contract to do flips anyway ??? the whole point is to just be the middle person ( like that ) that’s what options are for ….at your option you can buy it …but you don’t have to if you can’t move it on. There may be a case of stamp duty on the option, but hardly worth the paper for a $1 down deal ! You can still…[Read more]

I know a guy who put down 5 cents as deposit….beat that ! Usually a contract is not legal unless some consideration has been put forward…….the old $1 down is just a good laugh and quiet do-able..i’ve done it myself…but if you want the deal to go through, go for a grand and tell ’em your borrowing the rest against other properties….which…[Read more]

So no one has a suggestion ??
We are so far from being a risk, it amazes me that anyone can get a loan at all. We have solid credit rating and history , plenty assets , all earned and paid for, enough spunk to take on a few investment properties & still come out way positive , yet by choosing to keep tabs on our income level , for our benefit…we…[Read more]

We have 500K in equity over 4 houses, valued at $965K , run own electrical contracting business, 3 kids and making profit, used equity from own home for deposits and costs for 2 houses but 3rd required low doc , which then required 20% plus costs in cash . Via re-draw and savings we went ahead. reason for low doc was servicability ??? First 2…[Read more]