Thanks for your help. I’ll let you know how this pans out.

Enjoy the weekend!

Theo

Thanks for your comments guys. The first IP was also purchased under vendor terms, using the NAB, a year ago. (I’ve always used the NAB because they understood Vendor finance conditions). However, the recent change in lending policy on this type of property has given me a new challenge. At present there isn’t enough equity to cover the $92,000+…[Read more]