Hi
I am sydney based investor and want to start my own property investment via option strategy,I am very much familier with option being an accountant but need some more information on how it works in property market.
Any help from all you great people will be highly appreciated,
Thanks
HiravThanks Taylor,
However I have heard so much negative publicity about him ,also don’t want to spend too much on some sort of home based study course
Hi Hirav
Are you planning to use Options to control property while you get a DA in place or are you looking to buy/control residential property with a view to on-selling it with vendor finance?
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
Hi Hirav,
What are you actually looking to do with the use of an option as there are a number of different strategies that you can use them for such as vendor finance, development approvals or flipping properties.
We are using them to flip properties, as we get a property under option to say $300,000, you can on sell your option to purchase the $20,000 (therefore the new purchaser has paid $320,000 being the option plus the property) and the property is currently worth $360,000. As a good deal for us and a great deal for investors. We have traded well over 50 properties and now have set up a business called Great Property Deals to do this for investors who buy properties for the rental portfolios. The art is being able to source and negotiate properties at prices well below the market to make it work.
You can check us out below on Facebook/Twitter. Our most recent property that we are flipping can be found at http://www.homesales.com.au/buy/queensland/lawnton/house/hs124240.aspx
Any questions, shoot us an e-mail.
Hope this helps.
Kind regards,
Jason Moore and Sherry Ortiz
Deal Maker | Great Property Deals
http://www.greatpropertydeals.com.au
Email Me | Phone MeYour Private Off Market Property Acquisition Specialist - Forget Buying Through Real Estate Agents
Thanks Jason,
How can i get more information,I have tried to look in to your web but the page seems to be not opening.
Cheers
HiravHi Hirav
So we can see what you want to achieve, are you planning to use Options to control property while you get a DA in place or are you looking to buy/control residential property with a view to on-selling it with vendor finance?
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
Hi Hirav,
We are currently in the process of getting a website built, therefore the best way of getting information is probably through our Facebook fan page. I did receive your e-mail today and respond to it tomorrow for you.
Kind regards,
Jason Moore and Sherry Ortiz
Deal Maker | Great Property Deals
http://www.greatpropertydeals.com.au
Email Me | Phone MeYour Private Off Market Property Acquisition Specialist - Forget Buying Through Real Estate Agents
PaulDobson wrote:Hi Hirav
So we can see what you want to achieve, are you planning to use Options to control property while you get a DA in place or are you looking to buy/control residential property with a view to on-selling it with vendor finance?
Cheers, Paul
To be very honest I would like to widespread my portfolio so I dont have an exposure to just single kind of investment.With my situation I am planning to start on small scale with little or no finance and then wanted to grow from there with more complex dead.
Cheers
HiravHi Jason ,
Any advise mate.
Cheers
HiravJason & Sherry – so do you do what is known as a "short option" where you option a property without a DA in place and pass it onto a developer?
i am in the process of beginning to do short options myself and wanted to know if you had any tips?
Hi emz03,
If you are going to option trading in the property market based in Queensland you’ll need to have a 15% share of equity in the property that you’re looking at trading if you are doing more than six properties a year under the property developers license.
In other words you get 15% discount off the property. However I must highly stressed that you must seek your solicitor first to get legal advice on how to set yourself up and then how to do the option trading strategy.
Fundamentally the concept is not hard … It might just be challenging to implement. As the old saying goes “it was that easy then everybody would do it”
Hope you guys all the best and if you got any questions just private message me or e-mail me directly.
Kind regards,
Jason Moore and Sherry Ortiz
Deal Maker | Great Property Deals
http://www.greatpropertydeals.com.au
Email Me | Phone MeYour Private Off Market Property Acquisition Specialist - Forget Buying Through Real Estate Agents
You must be logged in to reply to this topic. If you don't have an account, you can register here.
