Hi ,
I have equity on property and am going back into the market to get property 2 (cash flow positive). I’ve been advised to negotiate a higher rebate instead of a lower price on the property. How do you tackle this? I want to get a good ‘covid’ deal in both the property price and rebate value. Looking to buy in QLD.
On a side note, If there are people here that are wanting to create a small group for investors, please reach out. https://www.facebook.com/Ani.Shinde. I’ve currently got a few people interested in forming a small group with like minded people to share knowledge and hot topics.
Who advise you this and what is the purpose?
A rebate to get a higher loan amount could be deceptive to the lender.
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
Read it online.
ok so if that is not the way, then how low do you start the negotiations from proposed price ?
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