terry do many people do this? where would this be practical, i guess u can only do where you know someone is interested in selling in the future any way.
Same could be said that the property maybe worth 800,000 and the person with the option is stuck paying an over priced property.
ok i understand, pay the depoist as the amount which tilts it to +CF and then i dont have to worry about it. Until it is paid off and funding my retirement. sweet.
maybe you made the mistake that i made, you should have somehow got the loan at 100%, then you would have been infront on your loan 40k then you could use it how ever you wanted.
I think there is a huge misunderstanding about what CF+ really are. I’m currently reading Margaret Lomas book about Positive Geared Props and a lot of it makes heaps sense. I suggest this as a great start. The good thing is that the book is only 6 months old as well…..
Good luck
What are we misunderstanding, can you divulg any information?
ask a different agency that you dont plan to rent it through to give you an appraisal. Then you will get a rough idea.
But why the h3ll would you buy a property and not already know this???
What is the rental return %?
my inspections are part of the service.
mine charge 7-8%? of income,
advertising is free, letting fee is just 1 weeks rent.
also they charge postage fortnightly of @.50, (which is one letter, 1 stamp and 1 evelope
Richard
what is LTO, and wrapping and shared equity?
“The other option is to look at financing altenatives such as wrapping, LTO, shared equity etc etc whereby you enjoy the security of a property close to hand and then increase the income by onselling it utilisng vendor finance.”
lots of good points and questions for me to consider. It is on the main land near Bribie Island. My agents always seem to have carp excuses for not selling it.
How do i get rid of an agent? Do i just ring them and tell them they cant sell it any more. It is not over priced, as i havnt even had any offers, not matter how rediculous. No offers in a year, i think it must be the agents fault.
I dont want it to end up like those emails where the block has 14 different agents signs on it. But maybe i need to get another one and get rid of my current ones.
Can i say to one agent i am getting rid of the others and it is your to sell and i want it sold.
600 sqm, Just north of Brisbane.
In a small quiet fishing village, not many big shops in the town.
I may have to think of putting a house on it. It is 600 meters from water, i have advertised it locally and in Sydney. Not much luck so far.
