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Thanks I thought there was a rule but thanks for that I did not want to go ahead and do so I thought it might have been a bit grey if people were selling there products?
thanks for that I hope to meet like minded at the gold coast meeting on the 25th august and have checked out all your sites I will call you
cheers kerry
thanks but have it, if you have anything on the massive passive pack with inof on the lease options
Checked it out sounds great although I am in the process of achieving a credit licence you see my husband is a credited mortgage broker with his cert v1 in financial services he has been one for 10 years, and is about to operate as a broker from home again I am wanting and needing to get started with as little as expense as possible so I have now decided to go and do some wholesale deals to get some money behind me to pya for solicitors costs in my deals.
The next meeting on the gold coast is this week am I correct, could you let me know
Hi paul checked out your site and tell me something I know that you need a credit licence to offer sales installment contract and second mortgage carry backs and the buyer has to pay the stamp duty as well
If they default which the percentages are less likely than under a lease option strategy how can I do that are you offering a JV or something to do the deal….
So if I was to do this are you suggesting I arrange a JV with my seller to find and secure a buyer who will buy the property under a sales installment contract and using your licence is this correct?sorry just read your other post and have gone and sort out other experienced VFers in my area or even at a distance but none have come to the party yet and trust me have asked at least 6 to 7 of them some have done between 5 to 30 deals was highly reccomended to conact yourself but something happened and yet still waiting for the return call ( rang a few times must have been too busy like the rest)
believe you me I am looking for that person to mentor me on a tight budget i am more than happy to do all of the work if someone would help me through
I am glad that you are here for me on this forum, I have found Rick Ottons froum today as well, I now have my first deal which I believe will be an easy one I am at the take over the house stage never done before and willing to learn anymore than I can I know that 60% can come back I am very aware of that this is not something I am taking lightly as I have chosen this industry and do my best to be good at it….
This is not an overnight hobbie for me. this is the start of my financial future and business in the VF industryI have thought about it and yes I want ot use a solicitor so I am assuming I think that I will need to have something in writing before a go spending money on drawing up a contract
I presume this would be a heads of agreement outlining what will take place and an offer of an option to purchase the property under the assumption that I will be onselling the property and giving me the authority to advertise the property for sale with signs and online and taking prospective clients through to look at the property and stating if not found anybody in a reasonable timeframe they may null and void the option before paying for the solicitors costs.
Is this suitable to do or would you pay for the legals and if they turn around and say no just wear the expense….? confusedSo would you do a heads of agreement to seal the deal and then get the buyer to cough up my legals?
I was thinking of using a one page option to purchase offer agreement to hold the property for 30 days so I can advertise and find a buyer and during this time have the paperwork done by tom and hopefully get the monies together to pay for tom ie: processing fee from buyer would be some of the cost.Can I do this do you think
thanks for that I have my instruction sheets from tom and will talk to him regarding innisfail and what could go wrong
I agree with you terry although dozens don't use a solicitor for an option to purchase and am prepared to take that risk what could really happen I could end up with buyers deposit some spread maybe lose the backend profit….and lose the house back to the owners…
I could do a heads of agreement with sellers, one simple page of an option to purchase the property as well outlining that I will not commence until I have my buyer and allowed to advertise the property giiving me 30 days and collect a processing fee from buyers to pay for some of my solicitors cost which will be 1400 or should I shop around for another solicitor what would you do in this situation.
Hi thats great to see you have already done 5 properties and more on the way, how far are you prepared to go are you doing a few deals more or lost interest for why your selling.
What state are you in? I am looking for help with the paperwork for my first sandwich lease here in brisbane I have instruction sheet and an option agreement form just nervous about have the right paperwork in place and trying to save some monies as I know I don't need to use a solicitor.
Would you help?
