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    February 26, 2006 - 2:24 am

    Stamp duty is payable in WA when you have an option to buy on a property, but its only applied to the up-front option fee not the whole price of the house…

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    December 13, 2005 - 12:21 pm

    Haven’t found ANY in perth that match your criteria, had to go interstate which works fine as well.

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    December 7, 2005 - 2:46 pm

    Vexil,
    What you want to use is called a “Bare Trust”. With a Bare Trust a Beneficiary actually has control over the Trustee. So how people use this is they get a friend to sign the sales contract for a property as the Trustee. You as beneficiary then not only control the whole thing but benefit from the asset as well. The trustee has no claim to the assets at all and your name is not recorded anywhere…
    Jason.

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    September 20, 2005 - 11:55 am

    Hi Misty1,

    My accountant who is experienced with wraps in WA states that a wrappee CAN rent out the property, but most contracts will not allow it without written permission of the wrapper (owner).

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    June 1, 2005 - 10:35 am

    Wraps can definitely be done in WA. You do need to be a licenced credit provider however. You can contact the Department of Employment and Consumer Protection for more info. They have successfully prosecuted people for not holding a licence.
    Jason.

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    May 11, 2005 - 2:12 pm

    Hi Sean,

    I’m actively selling using lease options in those areas if you want to get in contact.
    Jason
    email

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    January 22, 2005 - 2:16 am

    If the tenants walked away with lots of money, then thats great – a real win-win deal !

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    January 22, 2005 - 2:13 am

    Why don’t you all ask questions here, then you can save money and not buy the different packs… The Australian Lease Options handbook is a good all-round intro to lease options.

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    January 22, 2005 - 2:03 am

    Hi Wayne,
    I’m buying and selling with lease options around Perth and could be interested in some sort of partnership with you. If you’d like to talk about it email me on info’at’jaylin.com.au

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    November 8, 2004 - 2:28 pm

    Private lenders funds can usually be secured by way of an unregistered 2nd mortgage with registered caveat or a seperate loan agreement with a registered caveat.
    It depends on how much money your putting in. If you were to cover the entire cost of a property for example then you would get the first mortgage.

    Another way of doing it, which is common is a Joint Venture Agreement.

    jason.

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    April 15, 2004 - 6:04 am

    I haven’t received any replies either…

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    April 4, 2004 - 1:03 am

    Anyone that has seen both Rick Ottons and Steve’s wrap packs like to put up a comparison???

    Jason.

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    January 10, 2004 - 7:58 am

    There seems to be no problems ‘morally’ with buying properties sight-unseen so what is different with the John Burley approach?
    I understand that making hundreds of offers just based on lists in the paper or internet sites to try and snare 1 or 2 desperate sellers is not a good idea, but can’t see any issues with checking out a property via photos etc, then putting in a low offer. You would always include a “Building Inspection’ clause to get out if things weren’t up to scratch. Even if you did look in the property yourself you should still include this clause.
    Any thoughts?
    Jason.

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    January 5, 2004 - 2:29 am

    It doesn’t seem to be clear how option 1) above will work. You say buy at 80% of value and you have an instant equity of 20% – but I thought the banks will only lend on the lower of the contract price or the valuation?

    Maybe the way its done is to get a long settlement then the banks will look at the valuation price instead???

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    December 17, 2003 - 8:06 am

    Please send e a copy at jrscott(at)westnet.com.au

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    December 5, 2003 - 2:03 am

    You always have the building inspection clause to cover you as well…

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    November 14, 2003 - 1:52 pm

    Mortgage Hunter – what is a “pro pack” that can take 0.5% off you rate?

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    November 12, 2003 - 2:44 pm

    Regarding the multiple offers… I think the best thing to do is just have a sunset clause of only a few days away. That way you can hurry up and place other offers if nothing comes of it.

    jason.

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    October 31, 2003 - 10:04 am

    I would liek a copy of your spreadsheet and would be happy to forward it on as well.

    [email protected]

    Thanks,
    Jason

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    October 27, 2003 - 1:02 pm

    Hi Comsol,

    Did the REIWA report contain data for any of the WA regional centers?

    Thx.

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