All Topics / Finance / financing a new IP

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  • Profile photo of landt64landt64
    Participant
    @landt64
    Join Date: 2004
    Post Count: 166

    Hi,
    I thought I’d try posting this on this forum as well.
    Mt husband and I earn $90,000 between us and this includes the income from the current IP.
    We’d like to buy a new IP that has been reduced from $625 to $495 because the owner desperately needs to seel. Even if I could get the price down I don’t think we could afford it, unless anyone has a good idea. In a good market the property would easily sell for $650 which is why we’re keen to buy and hold.
    Current IP has $246 owing and is worth around $320
    We have 2 edependants.
    Help please.
    Thanks
    Landt.

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