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And remember, refinancing debt doesn't make it disappear, in-fact most times it means it hangs around longer.
I would say it is the difference between property Investors and property Traders. Investors have a long term focus and traders try to 'pick the market'.
One thing for sure is that the availability of credit will be a big factor in the performance of the property market in the next 36 – 60 months.
I second Luke and Jamie's comments on rental guarantee's.
These costs are always built into the property in some way. I was offered recently a developer property that had $50k (yes you read it right) commision in it and a rental guarantee.The only way to have the ability to fund this is to build it into the price.
Viewing 3 posts - 1 through 3 (of 3 total)