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  • Profile photo of AniShindeAniShinde
    Participant
    @anishinde
    Join Date: 2020
    Post Count: 2

    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.

     

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    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://structuring.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of AniShindeAniShinde
    Participant
    @anishinde
    Join Date: 2020
    Post Count: 2

    Read it online.

    ok so if that is not the way, then how low do you start the negotiations from proposed price ?

     

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

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