EP. 1215 CASH CASH CASH BABY... WITH PROPERTY 💰

The PROPERTY DOCTORS, Sydney Australia Novak Properties

Ever been bamboozled by the term "cash" when it comes to buying real estate? Join us as we, alongside my savvy colleague Zanthany, unravel the true meaning of cash transactions in property deals. Get ready for a session filled with lightbulb moments as we break down the cash concept, from the initial vision of wheeling in dollar bills to purchase a home, to the current landscape where cashless deals reign supreme. Whether you’re a greenhorn in the real estate game or just looking for some juicy insider knowledge, this episode is your ticket to understanding the power of "cash" in property negotiations.
Zanthany takes center stage with a tale of a client wielding "cash" as a negotiation sword, aiming for a cut in the property price. We explore the allure of cash deals to sellers and the legal tidbits you need to know when handling hefty sums. We don't just stop at clarifications and anecdotes; we also peel back the layers on the impact of living mortgage-free and the tax implications that can come with owning your property "in cash." If you're curious about how to leverage your financial position in the real estate market, this episode is packed with insights that are worth their weight in gold.