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Investment property anyone??

Pub247

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Me and the missus are currently looking at buying/ building a house
Anyway Lauren stumbled across this property looks like a good deal:whistling
12 ARLEON COURT SOMERVILLE











Looks like the new owner wont be the only one's getting a good deal :p
 

nicko

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$1.00 a year, life time lease. Who do i have to sleep with to get that
 

Ado

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Hope the tennants are bloody old.
 

NORTI

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WTF?

Am I missing something? where is the gain for the buyer here?

What sort of court orders that kind of thing?
 

pow3rslave

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slightly off topic, but check out lovelylisting.com it's a blog of the worst photos posted on online real estate sites
eg:





who would put this on a PROFESSIONAL property listing?!!
 

Pub247

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Hope the tennants are bloody old.
The no.1 question id be asking when looking at this :p
WTF?

Am I missing something? where is the gain for the buyer here?

What sort of court orders that kind of thing?
the house is probably selling for about 30% or more less than market value (dont ask me though im no expert on property) theyre also banking on future growth to net you big return
 

Ado

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Could possibly be from a will.Partner may have died and this helps out the other.Sale price may equal the mortage left.That way they have their house until they are dead with no real debt.
 

Pub247

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Could possibly be from a will.Partner may have died and this helps out the other.Sale price may equal the mortage left.That way they have their house until they are dead with no real debt.
has to be said... I wonder if there's a set of stairs in the house :whistling
 

NORTI

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The no.1 question id be asking when looking at this :p


the house is probably selling for about 30% or more less than market value (dont ask me though im no expert on property) theyre also banking on future growth to net you big return
Only if the owners die or move?
 

Ado

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has to be said... I wonder if there's a set of stairs in the house :whistling
Nah a wet floor would do the job.Goes and gets hose.:whistling
 
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