Total Members: 159,207

Deanne

  • Deanne replied to the topic Lease option questions in the forum Creative Investing 7 years, 9 months ago

    Hi Ben,

    Agreed, definately Tony Cordato. He is the lawyer I use in NSW.

    For a balanced view on all things vendor finance, also check out Tony’s website: http://www.vendorfinancelawyer.com.au

    Cheers, Deanne

  • Deanne replied to the topic Lease option questions in the forum Creative Investing 7 years, 9 months ago

    You definately can onsell your option at a higher price. A Lease Option is exactly that – a Rent to Buy.

    You can do a Sandwich Lease Option, where you take an option on a property and then give an option to someone else on the same property at a higher price. You ‘sit’ in the middle of the deal, hence the name ‘sandwich’ I guess.

    And you can…[Read more]

  • Deanne replied to the topic Lease option questions in the forum Creative Investing 7 years, 9 months ago

    You definately can onsell your option at a higher price. A Lease Option is exactly that – a Rent to Buy.

    You can do a Sandwich Lease Option, where you take an option on a property and then give an option to someone else on the same property at a higher price. You ‘sit’ in the middle of the deal, hence the name ‘sandwich’ I guess.

    And you can…[Read more]

  • Deanne replied to the topic Lease option questions in the forum Creative Investing 7 years, 9 months ago

    You definately can onsell your option at a higher price. A Lease Option is exactly that – a Rent to Buy.

    And you can also put the deal together for yourself (and live in the house etc).

  • Hi Robert,

    I have never purchased or done a lease option on a house that suits a particular purchaser. If I am purchasing a house to onsell with vendor finance then I have a simple checklist – 3/4 bedrooms, 1/2 bath, nice house close to schools, public transport etc. That way I will have a large list of prospective buyers to choose from, not j…[Read more]

  • Deanne‘s profile was updated 8 years, 1 month ago

  • Deanne changed their profile picture 8 years, 1 month ago

  • Deanne replied to the topic Property Investor Meetups in Hobart? in the forum Heads Up! 8 years, 1 month ago

    Hi Jerry, sorry I just saw your comment!

    I think it might be time to get something happening. I will look into this a bit more.

    Thanks,

    Deanne

  • Deanne started the topic Property Investor Meetups in Hobart? in the forum Heads Up! 8 years, 2 months ago

    Hi, just wondering if there are any property investment groups/meetups in Tassie?

  • Hi Cris, I also recommend Lewis O’Brien.

    E: [email protected]
    P: (03) 9888 6388

    Many people don’t use Lease Options in VIC because Stamp Duty is payable upfront on the Option as well as when the Tenant/Buyer purchases the property. So a double-dip.

    Cheers.

  • Hi Cris, I buy/sell and teach how to do Lease Options. One of my tenant/buyers settled on his property in July, getting a 95% loan. Another tenant/buyer of mine has just received pre-approval. This was through Liberty.

    A very important part of making this successful is to qualify your tenant/buyers properly – I use a mortgage broker for this.…[Read more]

  • Deanne became a registered member 8 years, 2 months ago

Deanne

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