I'm going to auction this weekend for a PPOR. The agent has said "currently leased out until March 2015 at $300pw".
A couple of questions:
I'm just not entirely sure of the logistics of it all.
Thanks.
A couple of questions:
- Is there an easy way to break that so I can move in sooner?
- If no, and the tenants remain until the end of that lease, will I have a mortgage immediately (and have the rental income covering some of the mortgage) OR will settlement occur at the end of that lease (i.e. no mortgage until that date)?
I'm just not entirely sure of the logistics of it all.
Thanks.