Have you use "We Buy Houses 4 Cash"?

Discussion in 'Innovative Property Investment Techniques' started by mimi87126, 30th Mar, 2017.

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  1. mimi87126

    mimi87126 Member

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    mimi87126, 30th Mar, 2017
    #1
  2. Perthguy

    Perthguy Well-Known Member

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    Scam. Warning on 'risky' We Buy Houses scheme

    https://forums.whirlpool.net.au/archive/2167866

    Ugh this is Rick Otton.. he does the whole "rent to buy" thing.. so they may well pay full price.. but not right away. And in the meantime your house will be "rented" to a person who can't get bank finance to buy.. and that person will also have an option to buy your house at some future date..​

    Its legally messy, horrible, fraught with risks and bordering on immoral.​
     
    Perthguy, 30th Mar, 2017
    #2
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  3. neK

    neK Well-Known Member

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    From the same Scam link...
    Must be kicking themselves... or still holding onto the bubble comment... thinking prices will go less than 2012 prices :)

     
    neK, 30th Mar, 2017
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  4. Perthguy

    Perthguy Well-Known Member

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    "Very simple. Dont buy now". In Sydney. In 2012.

    Throw a dart at a map and buy any Sydney property in 2012. What would it be worth now?

    The sad thing is they are probably not kicking themselves. They are probably delusional that they are right and will still be able to buy at 2012 prices when the market crashes. :(
     
    Perthguy, 30th Mar, 2017
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  5. Simon Hampel

    Simon Hampel Founder Staff Member

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    Vendor finance is risky and you should do a lot of research and get some advice before proceeding.

    Some reading to get you started:
     
    Simon Hampel, 30th Mar, 2017
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