All Topics / Creative Investing / Rent To Own Oppertunity / Help

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of BeckBeck
    Participant
    @beck
    Join Date: 2007
    Post Count: 24
    January 31, 2008 - 9:26 pm

    Dear All

    Thanks for participating in the forum – you comments and question are of great value.

    I have an interesting opportunity / problem that I was hoping I could get some out there to help with.
    I have taken out an option to buy a 2 bed room, 2 bath , 2 car unit in Drummoyne. The option is for 3 years for a fixed amount ($649K). The time line begins once I rent it out to a third party.

    Late last year I move about 6 hours up the coast and I am having difficulty finding a suitable "buyer" (option taker – rent to owner) to take up this opportunity because of my inability to interact with them in Sydney.

    I am looking for some one who can either help with the transaction in any capacity.

    From my estimation their is a minimum $35K in the deal maybe more if you have the experience.

    I hope this post is ethical and relevant to this site.

    To make this an educational exercise to observers I am happy to discuss this matter on line so every one can learn.

    Happy Days,

    Beck

    Profile photo of GN FinanceGN Finance
    Member
    @gn-finance
    Join Date: 2008
    Post Count: 5
    February 1, 2008 - 10:07 pm

    Hi Beck,

    I believe I can help you out with this. The way to tackle this problem is to find an interested buyer in Sydney and also provide them with external finance. What will make it attractive to the buyer is that they are buying at below market value whilst at the same time paying much more than the original option of 649K because of the high growth in Drummoyne over the last 2 years.

    Best of luck
    Gabriel

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196
    February 3, 2008 - 1:06 pm

    Hi Beck

    Is the unit currently tenanted?  The reason I ask is because a couple of months ago we succeeded with a long distance lease/option (rent to buy) sale in North Parramatta.  Drop me a PM if you'd like further details.  Good luck.

    Cheers,  Paul

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of cchandracchandra
    Participant
    @cchandra
    Join Date: 2006
    Post Count: 9
    March 14, 2008 - 12:43 pm

    Hi Beck,

    My name is Charlie, I'm based in Sydney. I am interested in learning about creative deals and I would like to help you out by being your helper in Sydney, I'm not interested in the profit share/money. I am after the experience. I am new at this so if you decide to use my help you will need to tell me what to do :)

    If you are interested please let me know or email me to [email protected]

    Thanks
    Charlie

Viewing 4 posts - 1 through 4 (of 4 total)

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