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Old 25-09-2006, 07:39 AM
jaime jaime is offline
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Join Date: Aug 2006
Posts: 14
Default Buying properties with available equity

Hi kiwi Investors,
after a long time researching the market, we are about to make our first purchase in Invercargill NZ. We are currently under the process of getting a valuation on a commercial property, but I was just told some bad news, that the bank will take the LOWER of either the valuation or purchase price and finance 60 to 65%. If this is the case, then negotiating down the purchase price to below the valuation would not leave equity in the deal. How then do you buy properties (commercial) with equity in them so that the down payment is reduced??????

We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents Required

Thank You!!
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