On Property Podcast
What Are Deposit Bonds and When Are They Useful?
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:27:33
- More information
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Synopsis
ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode When investing in property a deposit is paid upon the contract going unconditional. If your money is tied up elsewhere a deposit bond can be used in it's place. Sometimes, when you're purchasing an investment property, you may not have the cash that you need for the deposit right there and then. Often, when you purchase, you're putting 5%, 10% of the deposit down. And for those people who have their cash tied elsewhere or may need their cash for other things, there is something called a "deposit bond" that you can use to put down as, I guess, a replacement for the deposit and you'll then pay it in future. To understand more about this, I have Etienne on with me today from Deposit Assure. He supplies people with deposit bonds. He's the expert in this, so we're going to talk today about what exactly deposit bonds are and what sort of people and situations they're useful in. Ryan: Hey, Etienne, thanks for c