All Topics / Creative Investing / Advice/ideas for small town?

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  • Profile photo of JeffBJeffB
    Member
    @jeffb
    Join Date: 2004
    Post Count: 11
    July 24, 2004 - 12:16 pm

    Can anyone help me out with knowledge of lease options?
    I live in small town in SA, pop approx 9000, and would like to do positive cash flow of some kind if I can. Prices range from 120k to 400k(with acreage) but I would be looking at the 120 to 140k range. Rent for these is 125 to 145pw.
    Thought about doing lease option but am concerned that population maybe too small for this strategy.
    Any thoughts or ideas?
    Thanks

    Profile photo of AceyduceyAceyducey
    Participant
    @aceyducey
    Join Date: 2003
    Post Count: 651
    July 24, 2004 - 4:19 pm

    Talk to the Vendor Finance Association.

    http://www.financewraps.asn.au

    BTW, South Australia is the least favourable jurisdiction in Australia for vendor finance-style deals. So be particularly careful to understand the legal requirements.

    Cheers,

    Aceyducey

    In theory, there is no difference between theory and practice. But, in practice, there is.

    – Jan L.A. van de Snepscheut

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