Hi,
Seller
Property asking price is $239,500
Seller's mortgage amount $ 229,000
Equity $239,500 – $ 229,000 = $10,500Buyer
Afford to pay $400-$450 per week
Saving $3,000I found the above buyer and seller.
Buyers want to buy their own home, sellers had the marriage breakdown.
Buyers want to find someone give them a chance to have a home.
I am just a middle man ( no buyer nor seller) found the buyer and seller and want to help them to make this transaction happen.Question.
How to put all these together ?Please help
anyone any comment ?Hi scha9799
Presupposing the Sellers are willing to wait for their money and that's pretty unusual with a relationship breakdown, I'd help them sell their property to the Buyers, probably with a vendor finance Instalment Contract.
Standing in the middle of such a transaction would require that you look closely at whether you need Australian Credit Licence coverage and possibly Real Estate Agent Licence coverage (depending on what vendor finance strategy you use). Further information on structuring this type of transaction is available at: http://www.negative2positive.com.au
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
The best way to profit would be to mow their lawns for a fee I think.
Realistically not much you can do without licencing and even there there is no equity.
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
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