Reading all the above, it just reinforces my justification for paying my excellent property managers  Cheers,  Paul

Hi MattAll that you propose is possible and we stumble on them from time to time.  Mainly in regional areas.However most Instalment Contracts (IC) do require the owner's permission for the VF buyer to rent the property, i.e. you would need to change that clause in the IC.  Equitable title is not a factor in this issue.  Possession is the issue in…[Read more]

Hi Aatt That depends on the vendor, i.e. the vendor selling the property with an Instalment Contract (IC).  Some will only sell to owner occupiers and others will allow an IC purchaser to rent but only under certain conditions/restrictions The concern in the mind of a vendor financier is often that 'control' of the property is starting to…[Read more]

Hi mattThat depends on the vendor, i.e. the vendor selling the property with an Instalment Contract (IC).  Some will only sell to owner occupiers and others will allow an IC purchaser to rent but only under certain conditions/restrictionsThe concern in the mind of a vendor financier is often that 'control' of the property is starting to move too…[Read more]

Hi AdamIt's certainly doable and you could 'buy' using either a vendor finance Instalment Contract (previously called a wrap) or a Rent To Own (Lease with an Option),The challenge is that buying a property that's being offered by a vendor financier, with vendor finance attached, usually means you'll be paying a premium price.  This is because a…[Read more]

HiWe've been using Leas/Options (Rent To Own) and other forms of vendor finance since 2003.  You will find quite a lot of properties for sale with vendor finance at:www.renttoownhome.com.au  andwww.vendorfinancedirectory.com.auYou'll even find them on realestate.com.au and Domain.If your deposit and borrowing capacity allow you to buy your PPOR w…[Read more]

Hi PaullieIf you do happen to Lease the property, I'd consider paying his asking price, if he will give you an option for 2 years.  When you've got that agreed, pop the question   i.e. 'how much of the lease will go towards my deposit?'  It's certainly worked for us with motivated sellers.Cheers,  Paul

Hi PaullieIf it were the owner is hurting, i.e. the property has been vacant for sometime, I'd move a bit further down the road you've already taken a baby step on    Baby step? Yep, you've already thought about leasing it for awhile and delaying the settlement.Why not take the Lease/Option further, i.e. control the property with a lease and an o…[Read more]

Hi Jem We did our first vendor finance (VF) transaction in 2003 and have continued to build our real estate VF business since then.  Karen & I now work full time in our VF business, so that's been a real bonus for us.Initially the positive cash flow from the business supported our long term buy & holds but now it supports our lifestyle as well.…[Read more]

Of course, if you have a Residential Lease on a property and a Call Option over that same property (often called a Rent To Own), you do not have any ownership of the asset until such time as you exercise the Option.Cheers,  Paul

Hi CameronThanks for the insight into what you're trying to achieve.  Let's see if I've got it right   You'd like to do some renovations to your PPOR and you'd like your IP to stop costing you so much money each month, so you and your wife can start a family.If you were to sell your IP with a vendor finance Instalment Contract (IC) you would e…[Read more]

Hi CameronDo you mind sharing with us why you need to 'sell it fast!'Cheers,  Paul

Information about the requirements to become a Buyers' Agent can be viewed at:http://www.rebaa.com.au/index.php/members/how-to-become-a-buyers-agent<br /:-)” title=”>:-)” class=”bbcode_smiley” />Cheers, Paul

Hi TinselDisclosure first   Rob, Karen & I started vendor finance with Dave & Julie back in 2003 and we're personal friends, so I'll try not to be too biased  I believe it is important to build a good foundation to your vendor finance knowledge and there are numerous educators to choose from.  Some that spring to mind are:Sean Summerville  –  http…[Read more]

We've found Lewis O'Brien to be excellent:Lewis O'Brien & Associates Email. info@lewisobrien.com.au Tel. 03 9888 6388   Fax. 03 9888 6366Cheers,  Paul

Hi RafIf the property had been your PPOR you could have transferred the title using the 'Exemption from Duty – Transfers to married couples ….' form (in NSW) at:  http://www.osr.nsw.gov.au/lib/doc/forms/oda009.pdfA bit more information on the matter is available at:  http://www.osr.nsw.gov.au/about/services/osrassist/family/transfer/Of course you may n…[Read more]

Hi TonyRent Master is not an online program but it may do the job.  It's at:http://www.rentmaster.co.nz/Cheers,  Paul 

Hi RussellThe new rules regarding Options in Vic don't relate to 'above market rent'.  If you take an Option over a property in Vic, without a Lease, no Stamp Duty is payable.Stamp Duty however is payable on the 'strike price' of an Option, if the Option holder also has a Lease on the property.These new rules where brought in because long term…[Read more]

Hi tigerDuring this time of less than startling capital gains it may be worth considering a niche strategy where you lock-in fixed capital gain on the property as well as receive positive monthly cash flow from it each month.  This can be achieved by buying a property and on-selling it with vendor finance (VF).Sure you do lose out on the long…[Read more]

We have been investing in residential property between Raymond Terrace and Singleton since 2003 and we're very happy we did.  However I do have to agree with 'Key' above, i.e. there are some lower socio economic 'war zones' in the area that are very tempting because of their lower price point.  We now stay well away from them and the upper end o…[Read more]