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  • Profile photo of rickottonrickotton
    Participant
    @rickotton
    Join Date: 2002
    Post Count: 24
    May 10, 2004 - 8:51 pm

    guys why not lease option the property that way you can massively increase the yield and provide an easy in for potential buyers..i.e. yesterday i lease optioned a unsold unit for 630k with no deposit payable to the seller and now will have my new lease option tenant pay me 3700 per month.
    this covers sellers monthly expenses and the option strick price is 695k which is the presently listed sale price by the agent.I get 20k option and the balance on refi with no neg gearing,it really is relatively easy….
    cheers Rick otton http://www.rickotton.com

    Profile photo of rickottonrickotton
    Participant
    @rickotton
    Join Date: 2002
    Post Count: 24
    October 11, 2003 - 1:00 am

    wrap it, its not as silly as it seems it is big business overseas and is relatively simple….
    Grab a deposit and let your buyer make payments to you ….you’ll get top dollar and lots of buyers
    Rick Otton
    http://www.creativerealestate.com.au

    Profile photo of rickottonrickotton
    Participant
    @rickotton
    Join Date: 2002
    Post Count: 24
    September 29, 2002 - 2:09 am

    Steve your correct,

    we’ve had to send everybody a letter to get permission to pass on their info to other members so i’m sure we’ll get most of those back shortly

    Rick

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