All Topics / General Property / Finance approved but lack 20% deposit, would prefer Vendors help towards deposit

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  • Profile photo of stevenash79stevenash79
    Member
    @stevenash79
    Join Date: 2010
    Post Count: 4

    Hi guysVendors deposit needed or Vendor finance option, I have a very very good paying role and own a business however am in the process of a complete renovation that is eaten away at my investment funds!We have approved finance to the value of $168,000 and was looking at a 1,2 or 3 bedroom unit or House in a good growth area within Australia.The property must have electricity, sewage and town water and ideally Owner occupied or be flexible with T & C'sI would prefer a fair to good cond property that requires basic Reno’s such as new paint, kitchen, bathrooms etc NO STRUCTURE DAMAGE please.I would prefer a 30 day settlement I have purchased 12 investment properties over the years so I won't waste anyone’s time simply email [email protected] or call me on 0439 999 599RegardsSteve

    Profile photo of Ryan McLeanRyan McLean
    Participant
    @ryan-mclean
    Join Date: 2010
    Post Count: 547

    I know of a property. I have had a vendor finance offer approved on a property, but my financing fell through.

    I could pass the information onto you, but what would be in it for me (the magic question).

    The property is on the market at $75,000 in a rural town centre and vendor finance has been approved with a sale price of $80,000. Pay $64,000 on settlement, $5,000 in 3 years and the remaining $10,000 in 10 years. No interest on the vendor finances

    You can contact me from my site http://cashflowinvestor.com.au/contact if you are interested

    Ryan McLean

    Ryan McLean | On Property
    http://onproperty.com.au
    Email Me

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