All Topics / The Treasure Chest / Using Vendor Vinance Option

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  • Profile photo of battz71battz71
    Participant
    @battz71
    Join Date: 2003
    Post Count: 95
    September 29, 2003 - 7:19 am

    G’day all,

    Im a little confused with using the “Vendor Finance” option that has been mentioned previously.

    Can someone give me a few tips, and perhaps an example of how it could be used.

    Actually, better still I’ll provide the real life example that Im toying with and see if anyone has some creative solutions..

    Purchase Price: $75,000
    Rent: $185 p/w
    Availbe deposit at the moment $2000.

    But hopefull will have first IP revalued in a couple of months and that should be favourable (as the house never hit the market)

    So can someone explain how the vendor leaving in 10-20% works..

    Cheers in advance,

    Battz

    Profile photo of battz71battz71
    Participant
    @battz71
    Join Date: 2003
    Post Count: 95
    September 30, 2003 - 1:26 am

    Any suggestions at all???

    Will a lender give me finance if the 10-20% “deposit” has come in the form of Vendor Finance?

    What rates does the vendor usually receive for the Vendor Finance?

    Is it complicated?

    Help needed….

    Cheers,

    Battz

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