All Topics / Finance / how do teens do first deal

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  • Profile photo of kojo425288kojo425288
    Member
    @kojo425288
    Join Date: 2003
    Post Count: 11

    well after reading some of these posts I thought with all this knowledge out there someone might have the answer. How do teens get into the property market nowadays without help? I have a teenage daughter keen to pludge into market in Qld and has even found a value property $193000. too her disapointment she can’t get enough finaince even buying as IP. I have been trying to work out most workiable options best for her and good old Dad to buy.Given she is some $50,000 short taken in account, deposit, settlement costs and money to reno, to buy PPOR. So options are dad lends trying up his money or buys himself to pass back at some stage ,where teen can get FHOG of $7000 plus save on stamp duty. Can anyone give me guidence in best way to do, so dad recoups out of pocket and teen still gets property with discounts.?[confused2][grrr]

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Hi there
    I would need a little more information about your daughters income and the property location but there maybe a way.

    Cheers

    Richard Taylor
    Residential & Commercial Finance Broker.
    Licensed Financial Planner. Ph: 07 3720 1888
    [email protected]
    New Shared Equity scheme has arrived – Email us for details.

    Richard Taylor | Australia's leading private lender

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