Total Members: 159,074

daba373

  • 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, 4 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, 4 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 $120K

    So 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, 6 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, 6 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, 8 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, 9 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

daba373

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