Adam,Now that you are cashed up. Take your time to get it right. Write down your plan and describe exactly what you are looking for. Put it into a spreadsheet and know exactly what the rewards are given the price you pay.If you are worried about future growth, look at the suburbs track record over last 20 years. How long did it take for median…[Read more]

I would think you could nominate a person or entity as a landlord on the document. For example you could choose to have xyz R/Estate  act as your agent (landloard) to manage the property.

Qlds007 wrote:
There is a big difference between a wrap and a second mortgage carry back.I have been involved in each for over 13 years here in Qld.They loan argreements between each type of contract vary considerably and your usual suburban Solicitor may not have a clue.As Terry mentioned financing the deals these days as far as the incoming…[Read more]

Oh course banks don't like this… they loose out on being the bank. It is all about cash flow…. I would it prefer it flow to me (as a return on my money/equity) than to the bank. I rang Conveyancing Works in Brisbane who recommended Tony at Eaton Lawyers in Arrana Hills for doing vendor finance contracts.  He is very familiar with the process…[Read more]

1. I do not want to manage the monthly accounts2. I want the documents to be kept securely (where will I be in 6 years??) so they can be passed to purchaser upon completion of contract terms.3. I want interest owing and paid calculated correctly and subtracted from the outstanding principle owing.4. I want to provide the buyer with security to…[Read more]

Am I crazy?This is what my Real Estate agent says to me….……We have spoken to a solicitor about Escrow agreements, she said they no longer use them, because its really taking out a second mortgage, they are too complicated and very risky.Does any body do wraps in Qld? His solicitor is a 'property specialist lawyer'.

Escrow means in held in trust.Documents, real estate, money, or securities deposited with a neutral third party (the escrow agent) to be delivered upon fulfillment of certain conditions, as established in a written agreement. Definition 2 An account held by the lender into which a homeowner pays money for reduction of the principle outstanding.In…[Read more]