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  • Profile photo of RoughanaRoughana
    Member
    @roughana
    Join Date: 2001
    Post Count: 2
    May 27, 2002 - 2:48 pm

    If you sell something, you will have a number of costs.
    I would consider selling if the amount that I have left after selling can be used in a way that returns a better result than holding on to it.

    If your negatively geared property is currently performing as you expected, how about holding it and purchasing a number of positively geared properties to help pay for it?

    Cheers,
    Andrew

    Profile photo of RoughanaRoughana
    Member
    @roughana
    Join Date: 2001
    Post Count: 2
    May 27, 2002 - 2:35 pm

    Is the current tennant interested in purchasing the property in wrap deal?

    If so, perhaps the real estate agent could be avoided altogether with us providing the ‘finance’ for the tennant to do this. This would give us a negotiating point on the value of the agents commission.

    Regardless of the above, we should negotiate a reduction on the purchase price to account for the building report findings.

    If we are relying on 80% finance and are not sure that we will get it, then I would make any offer ‘subject to finance agreeable to purchaser’.

    Cheers,
    Andrew

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