P
phoenix_n
Guest
Just something that i have been thinking of:
Lets say you bought a place of the plans. After a month of completion (of development) you sell the place.
Then you put your deposit down on another place, wait, and on completion you sell again.
Apart from transactions costs and that you make a profit on the places is there any reason why one would not do this.
Just that you have minimal risk to a property crash in that you can either forsake your deposit prior to completion of sale or you are only exposed for 2 months whilst you drew down the mortgage and sell the place.
Am i missing something ?
[p.s. saw a ad last night about sprite which showed summer and was thinking why they were showing a ad about summer when it was winter here. Had forgotten it was summer!]
Lets say you bought a place of the plans. After a month of completion (of development) you sell the place.
Then you put your deposit down on another place, wait, and on completion you sell again.
Apart from transactions costs and that you make a profit on the places is there any reason why one would not do this.
Just that you have minimal risk to a property crash in that you can either forsake your deposit prior to completion of sale or you are only exposed for 2 months whilst you drew down the mortgage and sell the place.
Am i missing something ?
[p.s. saw a ad last night about sprite which showed summer and was thinking why they were showing a ad about summer when it was winter here. Had forgotten it was summer!]