how to but with no money down - Posted by Leon

import · April 24, 2000, 1:21am

Posted by leon on April 24, 2000 at 20:48:46:

4 perm/mat units
currently rented at $130,00/week $2080,00/month
close to beach/shops/schools/etc
asking $250,000
need to borrow the lot
repayments at 8.00% approx $1600.00/month
conservative banking system
All in $NZ

import · April 24, 2000, 1:21am

Posted by Leon on April 24, 2000 at 01:21:43:

Just wondering if anyone knows of a way to buy a property with no cash down in New Zealand I’ve stumbled on a deal that is to good to pass up and would love to here your comments
Thanks Leon

import · April 24, 2000, 11:10am

Re: Post more detail… - Posted by chris

Posted by chris on April 24, 2000 at 11:10:10:

Leon-

Have you talked with the seller? What does he need(not so much want)? What is the market value of the property? Amount of existing liens? Any work need done to the property?

Please post back with more detail.

-Good luck,Chris