Hi,
I am at the moment researching ways to invest with little or no money down. I wish to do this because at the moment all of our funds are tied up in other real estate investments. I am looking at ways to structure deals to attract money partners and/or ways to use vendor finance. I was wondering if anyone else has used a money partner/vendor finance and was after their thoughts and ways of putting deals together to attract both of the above. What is the best way to attract a money partner.
Thanks for your time in advance.
Mark.If you think you are too small try sleeping with a mosquito in the room!!!!!!!!
Developers are hurting now. I know of one that is lending the 20% deposit to clients just so he can move stock. Maybe you could ask for something similar, bypass the money partners.
Terryw
Discover Home Loans
Parramatta
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Thanks for your reply Terry,
Is it just a process of networking with developers to find out who will leave 20% in the deal. How have you personal come across developers who will do this.
I guess if you are buying a developed site or building then some or all of the profits have already been made, with little or no advantage in doing the deal.Mark.
If you think you are too small try sleeping with a mosquito in the room!!!!!!!!
Yes, just approach them about it. Some may not be too keen, but others may not ahve much choice in this sort of market. I know of one developer in Sydney doing it. I think he offers 10 years interest free. ie repay the principal (of the 20% deposit he lends) over 10 years.
Terryw
Discover Home Loans
Parramatta
[email protected]
Sign up to my mailing list.
Just send me a blank email, with “subscribe†in subject line.Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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