Does one need a licence or specific qualifications to be able to provide vendor financing of this nature or is it something that anyone can do? I am guessing a good solicitor is beneficial.

Thanks Paul, Can you please tell me a little more about the caveat, how does this work?

I know of a development in the Whitsundays that has Duplex, Triplex and Quadplex allotments available with  Preliminery Approvals, cost per dwelling site 85-90k?

Paul, Does this mean that you are the owner of the property until such time as they can get the 'normal' bank loan? Thus if they fail to make payment to you, you are the rightful owner? Do they pay both sets of stamp duty?I think you are saying you make $68k over the few years (time until they get their 'normal' loan + $153pw). $25 upfront and the…[Read more]

Hello again, I am sorry to hijack this tread but can someone please tell me how I start a new thread. I want to introduce myself and ask some questions but I can't seem to find the little button that says 'New Thread"

PCMelbourne….. what is this PAYG Variation = 1% tax?

hee hee. A little curiosity had me look up that financial planning company to see if they are still operating.It seems they are however that Director/CEO was found negligent by ASIC and has been banned from offering any financial advice until 2012 (or so the news article reads). That said he is still the director of the company and his associates…[Read more]

Thanks number 8, I'll look up your location.

When I purchased my first block of land I sought the assistance of a financial planning company. Their service fee was $7,000. This is an enormous amount of money for a first home buyer however I could see the value that good financial advice could offer to my life. I wanted to know all the tricks as to how to best use my money (how much to pay of…[Read more]

Hi Jezza234,Just be mindful that owner seller means discount to many buyers. The buyers will try to negotiate as they know you are saving on selling cost thus this is generally the first amount they take off what they are willing to pay for your homes (They wont consider the cost of your promotional items). They will also try to test your…[Read more]

I too am thinking a little about Olli's comments and the coastal towns. I am new to this so please excuse any ignorance. I can see that it is much easier to find CF+ properties inland within the mining sectors however if you are on an interest only loan plan while you might put $50 a week in your pocket. At the end of the boom you are left with a…[Read more]