Hi PatThe only one I know of is:http://www.nmddata.com.au/index.phpCheers,  Paul

Hi notPuzzledWelcome to the forum.  We hope you enjoy you time here.You have an interesting view of vendor finance (VF) and I'm guessing it may be caused by the number of cowboys that flocked to VF, as the newest million dollar making idea, when it became popular again in the late nineties/early naughties.As is always the case, the cowboys found…[Read more]

Hi CeeKayThere is an alternative to direct investment in property that may be attractive to you at this point.  We have built a business showing people:1.  How to buy a property and on-sell it with vendor finance.  The idea being that people may do one or maybe two of these properties with you and then go solo.  They don't always want to be sha…[Read more]

Hi JohannWe overcome the challenge you've described by buying property and on-selling it with vendor finance (VF).  We have been doing this since 2003 and are now in a position where the positive cash flow from these properties now supports our lifestyle and our traditional buy and hold portfolio,Sure, we do lose the long term capital growth from…[Read more]

Unfortunately there are many reasons, other than your job, that will allow a clever lawyer to come after all your assets.Just my opinion and please don't take this as advice but I purchase in a unit trust with the units owned by my family trust (with a corporate trustee).To me the idea of spending $2K to $3K to setup such a structure is peanuts in…[Read more]

Just a clarification regarding an Agent having to introduce a client to the vendor to get their commission.  In NSW (and I think all other States), if the Agent holds an 'exclusive' listing agreement, and a buyer enquirers about a property that is the subject of this 'exclusive' agreement, during the term of the 'exclusive', the Agent may claim…[Read more]

H JackJust be aware that, even after a listing agreement has expired, an Agent may be successful with a claim for his/her commission, if s/he introduced you to the property during a period when s/he had an 'exclusive' listing agreement on the property.  That's one of the reasons Agents nearly always get your name and address when they first talk…[Read more]

I would you suggest you search for some of Terry's recent posts regarding the various issues that need to be considered when setting up a Trust.  They are many and varied, with some that would not normally spring to mind.Terry is a solicitor and, better still, I'd suggest you utilise his services to get the setup right.  A Trust is something y…[Read more]

Got to agree that sometimes 'simple' is best.  Just watch out for the sad fact about software, i.e. a lot of software won't 'talk' to another manufacturer's software.  This leaves you with the frustrating task of entering the same information into different software, e.g. entering all your pay details into payroll only software and then having t…[Read more]

If you are taking over a business with ten casual employees, I'd suggest you probably need accounting software, so you don't end up giving your accountant a shoe box full of invoices and receipts at the end of the tax year.  This leads to a very expensive accountant's bill MYOB and Quickbooks have a whole range of accounting products that include…[Read more]

Hi DespinaWelcome to the forum.  I hope you enjoy your time here.  Great to see the Gold Coast being so well serviced in the Vendor Finance area.  Don't be surprised if you get an invite to a Vendor Finance Association, Gold Coast meeting next year  Cheers,  Paul

G'day TerryPM'd you.Cheers,  Paul

G'day TerryYep that's how it's generally been since the GFC and the advent of the NCCP.  However recently we have been getting quite a number of Deposit Finance transactions over the line through the available 'non genuine savings' products that have come back into the market.As as a sign of the times Deposit Finance may not even be necessary…[Read more]

There is a meeting in Canberra mentioned at:https://www.propertyinvesting.com/forums/community/heads-up/4333485?highlight=canberra%2Cproperty%2CgroupIf that doesn't work just do a search on this forum for Canberra Property Group.Cheers,  Paul

Hi FigIn short, if you can substantiate that all the work you are doing is repairs and not capital improvements then yes you can claim all the costs you mention in this tax year.However there are many more qualified people on this forum than me in this area so I'd suggest you listen well to them and speak with your accountant on the…[Read more]

Hi purpleAs you are wanting this property for investment purposes I'd suggest you don't buy with vendor finance (VF) from a vendor financier.  The average client of a vendor financier is a person who is locked out of traditional home loan finance, for one or more of a myriad of reasons but is still wanting to get into her/his own home.  These p…[Read more]

Hi aybissAs Terry says, if it is a true Rent To Own, the title will not transfer to you until you buy the property.The legal paperwork that goes around a Rent To Own is a Residential Lease and an Option.  The Residential Lease gives you the right to occupy the property and the Option gives you the right (but not the obligation) to buy the…[Read more]

Hi HarryI agree with Terry, i.e. work out a percentage split that you're both happy with and adjust the percentage unit ownership.  It's really a matter of your negotiating skills and your ability to sell the value of what you're bringing to the JV.However, as you do more transactions together, your experience will increase and you may look back…[Read more]

Hi surfsupThere are very many ways to structure the arrangement you've outlined and our way of doing it may not suit your circumstances.  But here's how we'd probably structure it:1.  Buy the property(s) in a unit trust, after making sure that the expert finance brokers on the Finance sub-forum can get finance for this entity.2.  Organise for ou…[Read more]

Doctorate, geez I hope not!  The Diploma two day upgrade was about as exciting as watching the grass grow Cheers,  Paul