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  • Profile photo of danish83danish83
    Member
    @danish83
    Join Date: 2007
    Post Count: 7
    September 3, 2007 - 10:13 pm

    Quick question – I have someone interested in vendor finance. We have found a number of houses that would be ideal and that are currently for sale. Since I currently do not own the home and would be purchasing for the other person do I need to pay stamp duty? Is there a way out of it?

    Thanks

    Profile photo of danish83danish83
    Member
    @danish83
    Join Date: 2007
    Post Count: 7
    September 2, 2007 - 10:22 pm

    NSW – But would like to get going in all of them!

    Profile photo of danish83danish83
    Member
    @danish83
    Join Date: 2007
    Post Count: 7
    March 19, 2007 - 5:26 am

    Ok – So the bank value’s one of my properties at $650,000 and I have a mortgage for $450,000. Can’t I re-finance the investment property for $550,000? This would give me an extra $100K.

    Most of my proerties I own approx. 30%. Can’t I re-finance them all so I only own 20% and use the extra 10% cash for whatever I wan’t? Deposit on PPOR would be great!

    Thanks – Sorry if this is completley wrong!

    Danish

Viewing 3 posts - 1 through 3 (of 3 total)