How Deposit Bonds Work | Property Lovers Podcast | #54
What is a Deposit Bond and could it work for your property entrepreneurship journey. Although they are sometimes offered by banks and financial institutions, Deposit Bonds are generally issued by insurance companies. Deposit Bonds are used instead of cash to pay a deposit when buying a home, usually providing cover for up to about 10% of the purchase price.
They are a great strategy when using longer property settlements, so could a Deposit Bond work for you? We break down everything you need to know in today’s episode of The Property Lovers Podcast.
Get ready to find out:
- What is a Deposit Bond?
- Where should you use a Deposit Bond?
- How long does it take to receive the Deposit Bond funds?
- How you can purchase a property in 24 hours with this strategy
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Disclaimer: The content and information provided on the Property Lovers website, podcasts, video or written content is general advice and for educational purposes only. None of the information presented constitutes, or is intended to constitute, a recommendation for any particular security, investment or strategy suitable for a specific person. The information presented does not take into account your particular investment objectives, financial situation or needs. You should strongly consider seeking independent professional advice based on your specific circumstances.
