A thank you gift for being great tenants, with no mention of anything else, should overcome the challenge foreseen by your property manager.

Cheers,  Paul

There is a long thread on the subject at:  https://www.propertyinvesting.com/forums/property-investing/creative-investing/4324169

Cheers,  Paul

Hi Brad

Here's another to have a look at:
http://www.propertyinvestorsystem.com

Cheers,  Paul

Interesting stat indeed.  No wonder we're getting a lot more enquiry regarding our negative to positive strategy.

Cheers,  Paul

Hi Barney

As both Richard and I agree that you're unlikely to find what you're looking for in the open vendor finance (VF) market in Brisbane at the moment, let's look how it might be done.

First up, VF is just another form of financing your property purchase.  If the 'numbers' work for you regarding renting out a room or two that's fine but…[Read more]

Hi Barney
I've been in real estate vendor finance since 2003 and unfortunately I haven't seen anything like what you're looking for come onto the open market. As you intimated, it may be something you have to go out there and find, i.e. find a suitable property at the same time as getting the vendor to give you vendor finance.

So you can get a…[Read more]

Hi Sam

A good source for reading up on 'payment arrangements' for Stamp Duty in NSW is available at:
http://www.osr.nsw.gov.au/lib/doc/forms/osr017a.pdf
However, as it says there, 'interest will be charged on all extended payment arrangements'.

Cheers,  Paul

Hi Nik

It's always frustrating when someone answers 'that depends' but that's very much the case here.  It depends on two major factors, i.e. what vendor finance strategy you have used to buy/control the property and what state the property is in (as the on-selling rules vary between States).

If you let us know which vendor finance strategy…[Read more]

Hi Tony

As a general comment, if you're buying from a vendor financier you're probably buying at a premium price.  Therefore, if you were planning to rent out this property, your negative cash flow may be higher than if you organised a vendor finance (VF) purchase directly from a seller.

If you 'buy', i.e. take control of a property with a…[Read more]

Hi Rusty

The actual provisions of the NCCP Act 2009 in relation to Carried Over Instruments (COI's) relate only to credit contracts setup prior to 1 July 2010.

While the ASIC form for COI's, i.e. COI1, only relates to these pre 1 July 2010 credit contracts, there does seem to be no notification mechanism to inform ASIC that you are providing a…[Read more]

Hi rusty

The question as to whether you can offer your property for sale with a vendor financed credit contract, without the need for an Australian Credit Licence (ACL), revolves around the question; are you conducting the transaction 'in the course of a business'?  The general consensus is that you probably won't need an ACL, if you sell one of…[Read more]

Hi buck

A couple of goods spots to look for vendor financed properties are:
http://www.renttoownhome.com.au
http://www.vendorfinancedirectory.com.au  and
http://www.gumtree.com.au
It's also worth looking in the property classifieds in your local community newspaper.

However before jumping in to vendor finance (VF), I'd suggest you do as much research as possible and…[Read more]

Hi John

Different lenders have different requirements.  The safest way is to find out from your lender who they will accept as an approved Witness.  As you know, they are lending the money and they make the rules in this respect, e.g. if the need the docs to be witnessed by a Victorian or NSW registered lawyer, then that's what you'll need to…[Read more]

That ATO ID Terry mentions is definitely worth a read. And as you say, it's pretty much the difference between the Interest you receive and  pay, i.e. the profits, and is taxable.

While our site, http://www.negative2positive.com.au  is setup to promote our service to help people sell their properties with vendor finance, it does have a lot of free…[Read more]

Hi Tambo

I'd suggest your first step is to become familiar with the two most popular vendor finance techniques, i.e. Rent To Own (that is a Lease with and Option)  at https://www.propertyinvesting.com/strategies/lease-options  and Instalment Contract at  https://www.propertyinvesting.com/strategies/wraps

Another couple of good spots to get more…[Read more]

Hi Terry

On a one off basis I'd guess they may not rule the Investor to be carrying on a business but, even if they do, ATO ID 2004/27 seems to cover that situation.  It can be viewed at:  http://law.ato.gov.au/atolaw/view.htm?docid=AID/AID200427/00001

Cheers,  Paul

Terry is spot on with hat reference if it's established that you're carrying on a business.  However if it's established that you're an 'investor not carrying on a business' then it's worthwhile also having a look at ATO ID 2004/407 at:
http://law.ato.gov.au/atolaw/view.htm?docid=AID/AID2004407/00001

Cheers, …

Hi Ty

Just in case to are reading about foreclosures in the USA, it's worth knowing that the foreclosure system in Australia is very different to that in the US.  However this link may be of interest:
https://nmddata.com.au/index.php

Cheers, Paul

Along the lines of what Terry is saying above, one of my rules of business, especially in such an emotional market place as residential real estate, is I don't sell our vendor financed properties to friends.

However if it is worth considering selling the property with vendor finance (VF) to a friend, it's worth considering selling the property on…[Read more]

Hi Melissa & Paul

We've had a real estate vendor finance business since 2003 so here are a couple of quick tips that might help:

In the community newspaper of the area you wish to operate in, place the following ad in the Wanted To Rent classifieds; "Professional couple looking for long term lease with view to future purchase. Call Mellissa &…[Read more]