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Thanks for the replies,
I think onselling and using the cash to fund other investments is a wise idea. I will even ask if the person selling it to me will sell it and give me the profit! Great way of looking at the question.
JarrodHello Steve and Terry,
Thanks for your replies to my questions. I aggree that I need to do a bit more due diligence to establish what the true costs of the deal would be. I guess I stopped investigating it too much when I realised that I may not make much out of the deal if I went ahead and onsold it through an agent.
I have learnt a lot going through the process though.
I am particularly interested in buying an option. This was my original idea as I have read John Burley’s book and liked the exchange of contract deals.
The problem is I am not sure were I can find information that explains the process in detail. Eg. How do you buy an option?
I suppose that you simply draw up up contract to buy but insert
buyer_____ and/or nominee______.
Could you lead me in the right direction as to where I can find this information. I also read a book by Shemin that has sample option contracts and was wondering if you have seen these or if they would be suitable?
Thankyou for your help and I look forward to any replies.
I will keep you posted I my progress.
JarrodHello Rick,
I am currently ready to buy property in the Geelong, Ballarat and Melbourne area to wrap and was wondering if any of the people you qualified are in this area. I would appreciate it if you could forward the deatils of any suitable people to me.Sincerely,
Jarrod Egan
