markjr replied to the topic limited deposit in the forum Help Needed! 20 years, 10 months ago
Taleisha,
If you have to put down 10% then you may like to consider arranging a deposit bond.
A Deposit Bond is used in lieu of cash for a deposit on the purchase of a property. The bond gives the Vendor security that can be converted to cash in the event the purchaser does not proceed with settlement of the property
If your 10% deposit is tied…[Read more]-
markjr replied to the topic If you bought this… in the forum General Property 20 years, 11 months ago
You could fit it out as a bar and sell it! http://www.sydneypubguide.net/content/pubs/greenwood.asp
It worked in North Sydney, though I dont know if it would in a country town[] -
markjr replied to the topic How on earth do you get a loan??!! in the forum General Property 20 years, 11 months ago
Jarmbie,
Interstar will do a lo doc loan without an ABN. As you said you are unemployed this would suit you.
You can set up this type of loan by declaring that you are a full time investor ( no need for employment history/checks )
The maximum LVR that you would be able to do in this situation is 65%.
The interest rate would be in the mid 7s (…[Read more]
Total Members: 159,378
]
