daba373 replied to the topic Australian Credit Licence – Registration Assistance for Vendor Financiers in the forum Creative Investing 14 years, 6 months ago
Hi Paul,I want to get in Vendor Finance sometime in the year or early 2011 – any issue or difference in requirement of ACL application after 30jun2010 deadline?Regards,Jason
daba373 replied to the topic Closing an option deal. in the forum Creative Investing 14 years, 6 months ago
Many thanks Matt007/Terrys….
I’m in the process with the vendor – and just want to get the technical aspects correct.
daba373 replied to the topic Closing an option deal. in the forum Creative Investing 14 years, 6 months ago
Hi Paul/Terryw,
back the earlier statement – just want to get the flow of the transaction right.
“Find a buyer and then when found you assign them the option”
so say vendor wants $100k
Buyer buys it for $120KSo I simply use the ‘Assignment’ (not the nomination clause) clause to assign the option for $10K or maybe $20K (as a form of deposit?),…[Read more]
daba373 replied to the topic Closing an option deal. in the forum Creative Investing 14 years, 7 months ago
Hi Guys,
With a call option, do u all use a family trust to set up the transaction – with payment made to the trustee of the trust?
Regards
daba373 replied to the topic Help putting together this lease option deal in the forum Help Needed! 14 years, 7 months ago
I believe with lease options now – a tenant/buyer must pay stamp duty up front. So that is one thing you must consider for the tenant/buyer.
Unless some one who has experienced in this Lease Option area – how do you work with this stamp duty issue?
daba373 replied to the topic Stamp Duty VIC – Lease Option in the forum Creative Investing 14 years, 10 months ago
Thanks Paul…
This more or less makes lease option, especially sandwich leases very difficult – when you have to pay duty for an ‘option’ tat you might not exercise.
daba373 replied to the topic Has Any one done OPtions or Wraps in the forum Creative Investing 14 years, 10 months ago
Hi Paul (or anyone here),
With ‘back to back option’, or even a straight call option – in what seems to be a *rising* property market, is it still possible to get such a transaction done with a motivated seller. If so, what would you do differently (??) to get an agreement with the seller?
Thanks