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That’s why first-time investors should be wary of buying from a vendor that doesn’t own the property already. When the company fell over, some investors were forced to buy properties they never intended to purchases. One of the most significant issues with Blue Chip was that they sold the same property to multiple investors. That’s why investors do themselves a favour when they’re wary of taking property advice from a person who only has their own properties to recommend for investment. With that piece of paper in hand, Blue Chip sold the rest of the properties at the above-market price. And using the valuation as evidence, banks would agree to lend investors the money to complete the purchase.

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Christchurch Casino was created especially for players in NZ, so it’s definitely legal to play. You’ll just need to be aged 20+ to sign up and start playing for real money. Like all reputable NZ online casinos, New Zealand online gambling it’s super important that Christchurch Casino really emphasises responsible gambling. When you play at Christchurch, you can take your pick of almost 2,000 different pokies, plus some thrilling live dealer games and table games.

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Due to increased regulation and risk aversion, banks now typically require a minimum 20% deposit for most properties. That doesn’t mean all contemporaneous settlements are dodgy. For instance, a developer building a house will sometimes pay for the land the same day you pay them for the home.