Forum Replies Created
The reason I can have it for that price is because I am family, and I have a passion for the home and have put allot of time into maintaining it for them.
They do not understand vendor finance and are unwilling to do anything like that.
I tried, but the old are the old.Do you intend telling us a little more about this system, or are your trying to guage interest in your own system you simply put forward as someone elses?
Great idea.
I dont need a wrap pack sorry.
But it seems like a plan to get say 3 or 4 people together and share the cost, dupe the movies or docs in the kit and share.But be careful as the kit may very well be copyright and if it is you cant not duplicate the contents for resale which is basically what you are doing, buying it for $4000 (or whatever) and reselling a copy for $2000.
I would stay away from small trade exchanges like contrabart.
I would however consider a deal with bartercard, they are well worth the effor.
A trade dollar is a “virtual/pretend” dollar.
You agree to recieve the dollar for services (or in your case the house), and then you can use it to buy from other trade exchange members.For example.
With Bartercard you might get say $40,000 trade dollars for your home and the rest in cash, you can now spend the $40,000 on other bartercard member to but ANYTHING they have i think half a million members *world* wide.
I for instance purchased two cars and sold them at a cash auction straight away, so I converted my trade dollars into cash.NOTE: A trade dollar is considered “1” australian dollar for tax purposes. Ie income, CGT ect.
I am looking to do the very same thing.
But it may be harder to find a vendor willing to LO to me than I thought.
No one seems interested in this kind of deal.
I have sent you a email on this, please contact me on [email protected] if you did not receive it.
[blush2]
Is there no one willing to discuss a deal?Surely you have some properties maybe you cant move or you perhaps are willing to let me source a bargain.
[cigar]Yes I certainly hope so.
And it can be a three way win win deal.
My vendor gets cash flow positive income with no work required.
I get to start my portfolio and some income in 2-5years.
My purchaser gets a home.
I only hope there is a vendor willing to venture with me on this one.[baaa]
A way around would be to have your LO with the 1st vendor modified to allow you to assign your option to another party for a agreed price.
So on settlement you can assign your LO to the third party to purchase directly from your provider and you get the difference between your price and your vendors.
The idea was the vendor (my vendor) would not need to source the house, or buyer.
So it is a deal with no work.
I would do all the work in finding the house, negotiating on it, finding tenants & securing a deal.
So it gives you the vendor some cash for no work yes risk, but that is the business you are in.
If you dont want risk then you should not be a VF.And gives me the ability to start a small portfolio of properties that I manage and I would get a 5x year LO with my wholesale vendor.
Onsell on 2-5 yr lease options for a small profit.
If for whatever reason I failed to meet requirments as a middle man then the LO I have reverts to my wholesaler.
So there is a potential for us both to make money.
And if the tenant defaults on me, then at least in 5x years if they dont buy I will have some equity in the property and can buy it from my vendor and continue my trade on the property.So I suppose I am asking for a vendor to assist me with starting some investment properties.
I am not interested in the weekly cash flow, so my wholesale vendor can receive exactly what I get weekly so it can be cash flow positive for them.
I am more interested in the small profit in 5x years, or if they do not buy then I will use the equity to buy on my LO.
