whole process you must have cash or accessible equity to pay for stamped in legals so you need between to in stamp duty and legals depending on the price of the apartment but you can also get a personal mind for that as well you know so you can cover this by doing combination of vendor finance personal loan and lending from the bank you know there’s always a way that you can finance the entire purchase.
price of your property through combination of bank lending and personal lending and vendor finance which is really cool soin terms of this particular scenario that’s only eight apartments available if you’re interested email me or MS me directly and I’ll send you all the information brochure and plans out and-then you can make a decision whether it’s something that you want to get involved with strategy.
Number five is the sexiest strategy that have come across okay that’s a good word to describe a property transaction for along time which is very rare and I’ll talk about why it’s rare and why actually exists and it’s a combination of a tempest and gifted deposit so the developer gives you ten percent deposit and gives you up to ten percent vendor finance really cool here’s the project that we’ve done this on and stage one has completed stage to a completed this year and it’s located Barclay street in morning ton and here’s what actually happened in the project some projects are so unique.
Property Valuation Melbourne
There’s suburbs where he’s extremely ambassador even bother looking in you know and you probably heard of same thing happening in sit into larger extent I believe that the rich will continue to get reach into the middle class and the poor start getting educated and becoming financially literate and that’s the key so when we talk about the widget in which of the poor getting poorer don’t get the press because you have a choice at the other day and the choice is whether you’re going to get the education or not get.
The education remember wealth is simply a transfer of money between the uneducated and he educated and that’s all that happens it’s a transfer commercial property valuation fees effects so you have the ability to get educated and become financially literate that we’ll talk through throughout this video how to do that I want to tell you that financial literacy is the key of becoming successful in finance but it’s not so much just for the sake of financial literacy it’s because it changes your paradigm your belief system especially about leverage and ownership.
And more specifically about the difference between good that bad debt and leverage and that’s what it comedown through the rich already know that the only way to build wealth is through leveraging other people’s money in an asset called property so you probably doesn’t actually perform that well if you look at the average detached house in Australia is performed over average ten percent.
In the last ten years in the best major capital cities you know it’s performing quite higher but you can get returns massive returns in the stock market and other things that far Perform real estate so as an absolute it’s an average performing assets but when once you put leveraged into the equation property will outperform virtually.