WANTED: Vendor Finance for Residential Property. I Will Pay 10% Interest.

I wish to purchase residential property with 30–40% vendor finance. I will pay 10% interest on the equity.

For example:

If you want to sell your property and it’s worth $200,000 I will purchase your property if you will accept 2 payments: one payment now and another payment later instead of just one lump sum payment. I will pay you $120,000 now and $80,000 after 5 years. I will pay you high above-bank interest of 10% on the $80,000 ($667 paid monthly interest only) and I will repay the $80,000 within 5 years. For your security, if you wish to protect your interest, I will allow you to place a caveat and/or a second mortgage over the property until you are repaid in full.

* The property must be in a major Australian city, preferably Sydney, Gosford, Central Cost, Brisbane, Gold/Sunshine Coast.
* The property can be anything residential: a city apartment or house and land in the suburbs.
* The value of the property can be any amount up to 1 million.

Please feel free to email at [email protected] or call me on 02 9709 3688.

Thank you,

Joe.