One option i see available and occuring now in Sydney, in some of the inner western areas of Sydney, is leasing is becoming more readily available than having your property just simply up for rent…
leasing and wrapping, could play a major role in the very close future…
yesterday… in the last few minutes in the afternoon, i recieved a call from my sister… for the last few weeks, ive been really talking hard and reasonable to her…
Just for the small info, my sister is 17, works fulltime and finished school last year…. all of us probably do know, that housing prices are very expensive now, and it is much harder to purchase a house at a young age…
what happened yesterday… is that, i secured a contract and purchase of a property in my name, but for my sister sake… the deal is quite simple as her birthday is 4 months away, but there is no way the banks will give her the finance as she dont have any large deposit, equity or security available and because of her age…
the thing is with this deal, my name is on both the contract and on the loans, but my sister will be paying the difference as this property is quite heavily geared, but also has equity available, through good negotiation (very well undermarket price),
the best part is my sister is very happy and excited but also, may have a small interest in property now emerging….
… but when she does turn 18 in July, the equity and the property will be her security in purchasing more property, but it could also work out to be that we could end up being a brother and sister team in PI []
Honestly the feeling of my sister, being also overwhelmed, and the knowing she is also worried about her future, makes me both happy but puts a smile on my face… []
not to sure on that…. but ill tell you what i do have installed…. ok… this is ages away, but when i do, do retire, will be doing the big walk out of fame on work… you know the one… were you play up, make some big stupid mistakes, tell your boss off and tell him what you think of him and then take something of his in front of him and tell him that your quitting… watch his mouth drop, and then watch the rest of the staff cheer you on, (reason being, for all those years, hes been a real… pr..k) and leave the work with the greatest honour ever….
oh k… maybe dreaming here, but will do something similar on the great D day in the later future….