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  • Profile photo of Newbie_InvestorNewbie_Investor
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    October 25, 2010 - 12:12 am

    Thanks Guys,

    I spoke to Mel from home and housed and he seems to really know his stuff. Sounds like a nice guy as well. Will be setting up a meeting with him soon but before i do i'm waiting on the delivery of the book "Principles of Land Contracts and Options in Australia" by  C Rossiter. Fingers crossed it should come in today and will give me some answers to the questions i have.

    I did have another question off the topic. Does anyone here use RPData? My partner met up with one of their sales reps on Friday and wasn't convinced that the price they charge is worth the service they provide. I found a huge amount of data for a property we were researching using Google for free. The only thing i couldn't find that RPData offers is the contact details of the owner of the house. Anyone here know where i could source this information from without having to go door knocking?

    Kind Regards,
    Sam

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    October 22, 2010 - 1:03 am

    Thanks for the advice guys,

    Paul – Thanks for the contact. I've added Tony Cordato to the list of solicitors i intend to call over the next few days.

    Graeme – Thanks for Mel's number. You mentioned that you have some experience with options for property in Sydney. Hypothetically speaking, if i went into an options contract with an owner of a property and the owner dies would i still have buying rights to that property? (i know this is a question that i should ask a solicitor but i just wanted to see if anyone here would know)

    Kind Regards
    Sam

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    October 19, 2010 - 2:58 am

    WOW What a read….

    Firstly i like to take my hat off to all those who posted on this topic, your information, opinions and experience have been of great value to me.

    I attended a property investing seminar in 2006 which included a presentation by Mark Rolton and i have to agree that he is a great sales man. I pride myself on being a person who is very skeptical and not easily sold, but after his presentation i was tempted to sign up for his 3 day course.

    One thing that stopped me in signing up was how easy he made it look to make huge amounts of money. I am a firm believer in  in the saying "if it looks too good to be true it usually is". I was still interested but at the time i was building my first house and didn't have much time or money to look any further.

    A few months ago a friend approached me and asked if I'd like to start a business with him doing property options on residential properties. We both have a good amount of experience when it come to developing a property but neither of us know too much about property options.

    So i ordered "Options Made Simple" By Rob Balanda. After listening to it i found that it was good for a beginner but it didn't go into specifics. I'm thinking of ordering "Principles of Land Contracts and Options in Australia" by  C Rossiter. Has anyone had a chance to read this book? if so was it useful?

    i am also looking for a good property options solicitor and accountant in Sydney. Anyone have any suggestions? I do recall someone mentioning Mel Ciampa from home and housed in Sydney. Could i please get the contact details?

    I'd also like to talk to anyone who has had some success in Sydney executing a property options deal. Any information would be greatly appreciated.

    Kind Regards
    Sam

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    August 12, 2009 - 1:09 am

    Thanks Tony,

    Looks like i have alot of research to do. Good thing i got a while before the house gets built :)

    Newbie

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    August 11, 2009 - 6:34 am

    Thanks for all the advice guys,

    I'm not sure what financial situation i will be in by the time the house is finished but i'm leaning towards keeping the house. Though if my fanances do not improve i'll just have to sell it.

    Thanks for the advise on sub-division tony, I figured as much. From what I've heard battle axe blocks are better for renting out rather than selling. From your experience would a Duplex be a better option?

    Newbie

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    August 10, 2009 - 2:54 am

    Thanks for the advice Finspec,

    My main concern is being able to make repayments and pay bills comfortably on only one wage and starting a family with my fiance (thus the selling, subdividing and building a house on a battle-axe idea). Otherwise I think my best option would have been to keep the house and use the equity as a deposit to buy an investment property (not sure if I do that but it sounds right hehehe).

    The house still has about 5-6 months to finish so hopefully I'll win the lotto by that time or have a better understanding of the Investment property market. ;)

    Newbie

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