Hi UraneHan,

I am a little bit confused after reading your post – how did everybody else go?

What did you mean “interested in wrapping investors”?

Should we be thinking of buying the units and wrapping them to the investors – or is it a JV type arrangement where the investor buys the unit and we somehow become a money partner – or are we buying…[Read more]

People in Vic may want to check with the Business Licencing Authority (part of Consumer Affairs).

It is arguable as to whether or not it is required – but I figure play it safe [biggrin]

http://www.bla.vic.gov.au/bla/blasite.nsf/pages/bla_credit

Hi Simon!

I don’t know his full situation but I do think he could get some extra money from a relative or something.

Do any of you guys know much about using an interest bearing deposit IBD as security?

Any other suggestions are appreciated. I can’t see Vendor Finance as an option because they want to build a house on some land they have…[Read more]

Hi Noam,

Could you tell us more about your apartment… When is it due for completion? How many bedrooms does it have? What level is it on? and if it is not too sensitive – How much was the contract for?

I am guessing that Docklands is a great long term investment, but you will need to carry it in the meantime. That seems to be the opinion of…[Read more]

Hi Rakky!

Noticed you were from Vic so I’ll suggest you go to http://www.bla.vic.gov.au and click on “credit provider”

Some would argue whether you need to register – but like Brent says play it safe and you can’t go wrong.

Cheers,
Greg.

Pisces, I had a search on the internet and am not familiar with non recourse mortgages. Could you give a brief overveiw of what these are and the associated benefits/disadvantages?

And, I can’t understand how the vendor would get there house back and I would lose my $15k deposit. Sorry if this turns out to be an obvious answer.

At what point…[Read more]

Another thing I have found is that dealing with the more senior RE agents in the office is the way to go. They are the ones meeting the clients and getting the listings – so they know the clients circumstances and if the client is likely to be interested in something like this.

I am not saying they will disclose the vendors motivation for…[Read more]

What a great topic!

I am currently negotiating one of these deals. The owners are divorcing/seperating and want out fast. At this stage they are firm on the price of $195. So I offered $15k at exchange. $135k at settlement and $45k in three years with interest only payments each month at 8%. I intend to get a loan for 80% LVR/$156K. This covers…[Read more]