All Topics / Help Needed! / offer us a wrap deal.
Hello all.
We (sister and brother) have found a property we would like to buy, but can’t get enough finance to buy it ourselves. We are looking for someone willing (flexible) to offer us a wrap deal.
The basic outline.
An eight bedroom house, four up and four down; located on Brisbane south side, about four kilometers from the CBD. Down stairs is fully self contained and rented out currently generating just under $400 a week. We plan to live upstairs in the house, and continue renting the downstairs area.
1.We have stable employment, but have both been employed for less then 6 months. (Recently returned from overseas travel).
2.I am eligible for the first home owners grant.
3.Including the grant we have a minimum $30 000 for deposit.
4.Current combined income, gross, is about $62 000.
5.Are developing additional income sources.
6.No credit problems we are aware of and a savings history.
The asking price for the house is not yet fixed, but is said to be in the high 400’s.
We have done our sums, and do not believe the repayments are beyond us, even in a worst case scenario.
If you would like additional information, please email me!
Thanks for taking the time to read my listing.
Cheers,
Mark
Are you certain you cannot get finance?
Get yourself a good broker.
Cheers,
Simon Macks
Interest Free Home Loan Agent
http://www.mortgagehunter.com.au
0425 228 985Fully Accredited With Derivex PTY LTD and IFHL PTY LTD
***Ask about our Interest Free Home Loan***
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Sounds like a 100% deal to me!
When I grow up, I want to be a storm trooper!
Have you factored in legals and stamp duty.
You don’t have much of a deposit.
NOt to say it can’t be done, but it sure will be tricky.
Byronent
Adelaide SA
You must be logged in to reply to this topic. If you don't have an account, you can register here.