Rent house for year then own it?

Discussion in 'Investment Strategy' started by Speck1, 10th Apr, 2018.

Join Australia's most dynamic and respected property investment community
Page 3 of 3
  1. hobartchic

    hobartchic Well-Known Member

    Joined:
    11th Sep, 2017
    Posts:
    1,513
    Location:
    Hobart
    Well, it's better. But there's no guarantee it will go up in value or that you will get finance. And you take a risk with the deposit. Get some legal advice.
     
    hobartchic, 13th Apr, 2018
    #41
  2. hobartchic

    hobartchic Well-Known Member

    Joined:
    11th Sep, 2017
    Posts:
    1,513
    Location:
    Hobart
    At least the seller is showing some good faith. Still risky though.
     
    hobartchic, 13th Apr, 2018
    #42
  3. Speck1

    Speck1 Well-Known Member

    Joined:
    13th Feb, 2018
    Posts:
    74
    Location:
    Victoria
    Getting legal advice in an hour...
    See how we go.
     
    Speck1, 13th Apr, 2018
    #43
  4. Speck1

    Speck1 Well-Known Member

    Joined:
    13th Feb, 2018
    Posts:
    74
    Location:
    Victoria
    solicitor said he felt it favoured seller and it was indeed too risky...he said offer to rent for a year at property,with a 12 mont tennant contract, and then if love it still, offer to buy in 12 months if still avaible.

    We did. They said no.
    Done.
     
    Speck1, 16th Apr, 2018
    #44
    hobartchic and Peter_Tersteeg like this.
Page 3 of 3