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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of cchandracchandra
    Participant
    @cchandra
    Join Date: 2006
    Post Count: 9
    April 11, 2008 - 1:56 pm

    Yeah, im currently overseas now and as soon as i get back to sydney i will start off with using rick's strategy to get rid of my north sydney apartment (dont know if you were at the seminar) then ill start looking for houses ..

    Profile photo of cchandracchandra
    Participant
    @cchandra
    Join Date: 2006
    Post Count: 9
    April 11, 2008 - 1:34 pm

    Hi Paul, Karen

    Just realised you guys are the big kahunas i met at rick otton!

    charlie chandra

    PaulDobson wrote:
    Hi Charlie

    To ensure that you know the difference between a Wrap and a Lease/Option, may I suggest you have a look at:
    https://www.propertyinvesting.com/strategies/wraps and
    https://www.propertyinvesting.com/strategies/lease-options

    If we go back to your question on Wraps (Instalment Sales Contracts) you can pretty much structure them in whatever way you think is most ethical for you. This is done by simply instructing your lawyer accordingly while she is drawing up the legal paperwork.

    Another important point about Instalment Sales Contracts is, when you sell a property with an Instalment Sales Contract, you are regarded as "supplying credit". Therefore all your legal paperwork must comply with the Uniforn Consumer Credit Code and you must abide by all the Code's requirements. This is the same Code that Banks, Building Societies, etc have to conform with.

    Another interesting resource to read concerning Vendor Finance, in real estate, in Australia is:
    http://www.vendorfinancelawyer.com.au/page28.html

    Good luck.

    Cheers, Paul

    Profile photo of cchandracchandra
    Participant
    @cchandra
    Join Date: 2006
    Post Count: 9
    April 11, 2008 - 1:27 pm

    Hi have a look at this link below. It will generate statements/invoices automatically and they can even pay via paypal :)
    There is a trial for 30 days i think

    https://www.freshbooks.com/subscribe.php?ref=bfbe58f017003-1

    Profile photo of cchandracchandra
    Participant
    @cchandra
    Join Date: 2006
    Post Count: 9
    March 27, 2008 - 12:16 pm

    Hi Everyone,

    I have a couple of questions and hope someone can help clarify it.

    What is the difference between a unit trust and a company ? and
    Does a unit trust have the same obligations as a company ?

    I would like to eventually set up a company to sell brand new properties/apartments and was going to set up a company initially.

    Thank you
    Charlie

    Profile photo of cchandracchandra
    Participant
    @cchandra
    Join Date: 2006
    Post Count: 9
    March 27, 2008 - 12:01 pm

    Hi Everyone,

    I have a couple of questions and hope someone can help clarify it.

    What is the difference between a unit trust and a company ? and
    Does a unit trust have the same obligations as a company ?

    I would like to eventually set up a company to sell brand new properties/apartments and was going to set up a company initially.

    Thank you
    Charlie

    Profile photo of cchandracchandra
    Participant
    @cchandra
    Join Date: 2006
    Post Count: 9
    March 14, 2008 - 12:43 pm

    Hi Beck,

    My name is Charlie, I'm based in Sydney. I am interested in learning about creative deals and I would like to help you out by being your helper in Sydney, I'm not interested in the profit share/money. I am after the experience. I am new at this so if you decide to use my help you will need to tell me what to do :)

    If you are interested please let me know or email me to [email protected]

    Thanks
    Charlie

    Profile photo of cchandracchandra
    Participant
    @cchandra
    Join Date: 2006
    Post Count: 9
    March 14, 2008 - 4:42 am

    Thank you for all your comments. Paul & Karen Dobson – thanks for the links.!

Viewing 7 posts - 1 through 7 (of 7 total)