Some advice please...
Have a seller wanting to move a house in Taupo to relieve debt.
Rateable value $505K
Need to get a current valuation but would come in at $480 - $495K
Has been listed before at $495 but no sale and is currently with an agent to be auctioned.
He said he would take anything over $400 and is prepared to leave finance in.
Market rent on this property is $280 – 320 /wk
I have one interested party who have an annual income of $100K and are currently trying to sell their house.
If I do a SLO on this property – get as much deposit as I can from buyer
Weekly payments need to be weekly payments plus spread
Sell price equals registered valuation
If the buyer can’t meet weekly payments will try and get seller to subsidise weekly rent
Also how do I calculate weekly spread or is it just what they can afford on top of rent?
I don’t have a management company set up - what should I do here or should I use the trading entity – me thinks no due to GST issues?
Anything else I should consider?
Have a seller wanting to move a house in Taupo to relieve debt.
Rateable value $505K
Need to get a current valuation but would come in at $480 - $495K
Has been listed before at $495 but no sale and is currently with an agent to be auctioned.
He said he would take anything over $400 and is prepared to leave finance in.
Market rent on this property is $280 – 320 /wk
I have one interested party who have an annual income of $100K and are currently trying to sell their house.
If I do a SLO on this property – get as much deposit as I can from buyer
Weekly payments need to be weekly payments plus spread
Sell price equals registered valuation
If the buyer can’t meet weekly payments will try and get seller to subsidise weekly rent
Also how do I calculate weekly spread or is it just what they can afford on top of rent?
I don’t have a management company set up - what should I do here or should I use the trading entity – me thinks no due to GST issues?
Anything else I should consider?
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