Young Australians are coming up with more creative ways to save money for a deposit. A majority of first home buyers curb their lavish spending habits such as eating out and attending leisure activities outside the home, while others try out more unorthodox saving methods like house sitting, news.com.au reported on
"People have always been conditioned that there is only one way to buy houses in
"That's the reason why we're reading more novelty stories in the papers about how young Aussies are trying to solve the problem of paying high deposit fees. Although these thrifty practices could really make an impact in the long run, it's not the most efficient way to buy real estate," he continued.
"The secret of seller finance is in its flexibility. Through flexible payment terms, a buyer can negotiate to assume the existing loan and pay the rest of the equity in increments. In that way, the buyer would be able to reduce upfront costs and the need to apply for a new bank loan. The seller on the other hand can move away from unwanted debt quickly and generate a passive income stream," according to
The We Buy Houses Radio is a weekly broadcast featuring
Australian property investment specialist,
His innovative low-risk, high-reward approach to Australian real estate investing has been featured in a variety of television programs and magazines, including Today Tonight, Hot Property and Australian Property Investor. His real estate book, published in 2012, 'How To Buy A House For A Dollar,' voted by
As well as conducting free seminars, workshops and conferences in the
Go to WeBuyHousesRadio.com to listen to Rick's free podcasts.
Read the full story at http://www.prweb.com/releases/au-property-market/rick-otton-strategies/prweb11980596.htm
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