Vendor Financing

Viewing 4 posts - 1 through 4 (of 4 total)

Rickster123
Member
@rickster123
Join Date: 2009
Post Count: 8
September 25, 2009 - 6:46 am
This is rarely used investment technique in my country and I'd like to explore this opportunity further.
Can anyone let me have a copy of a typical contract for an Installment Sale (Wrap) agreement? Although our laws may be slightly different in South Africa, this will help me to formulate my own contract.
I'd also like to know how the following issues / costs are dealt with in this form of transaction;
1.) CGT
2.) Estate Agent's commission
3.) Admin Fees
I'd be gratefull for any guidance as I educate myself on this little-known topic in SA.
Regards
Richard
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
September 25, 2009 - 7:28 am
Richard
Hate to say it is illegal in South Australia with the odd exception.
Needs to be done on a Rent to Buy or similar basis.
Richard Taylor | Australia's leading private lender
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
September 25, 2009 - 9:59 am
Richard, Richard is in SA = South Africa. I took at as South Australia on first glance too.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
September 25, 2009 - 9:46 pm
Terry you are right my apologies.
At 5.28pm i hadnt even had a glass of wine so cant blaim the drink.
Richard Taylor | Australia's leading private lender