So, it’s pretty much impossible to save for a deposit right? Luckily you’re not alone. Levridge can introduce you to property investors who want to help you onto that elusive property ladder.
It’s time to get in touch with Levridge. We match hopeful first-home buyers with suitable property investors, so you can buy a house together. You get to choose when, what and where you want to buy. And a property investor gives you the deposit to make it happen.
A property investor will provide you with the money
We can help set you up with finance
You and the property investor share the capital gains 50/50
You are responsible for paying your mortgage, rates, insurance, day-to-day maintenance and any applicable body corporate fees. And it’s your name on the title.
The difference here is — when the property is sold, or you choose to buy your property investor out, you share the capital gains 50/50. Yes, you’ll only get half of any increases in value, but half or something is better than all of nothing, right?
You’re matched with a property investor who wants to buy something similar
Property investor gives you $120k (20% deposit)
Get a mortgage of $480k (remaining 80%)
You keep the property for 10 years
You sell the property for $1 million
You repay your mortgage ($480k)
Your property investor receives back their initial deposit ($120k)
You split the capital gains ($400k)
You walk away with $200k in your hand
Got questions? We've got answers. Find the answers to frequently asked questions here.
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