Hi Christian

We use both Lease/Options (Rent To Own) and Wraps (Installment Sales Contracts) in the current market.  We find that it's the particulars of each property transaction that steer us towards one of the many vendor finance strategies.  However starting off with just one (or two) strategies is a good way to get going. 

To ensure that you know the difference between a Wrap and a Lease/Option, may I suggest you have a look at:
https://www.propertyinvesting.com/strategies/wraps  and
https://www.propertyinvesting.com/strategies/lease-options

Another interesting resource to read concerning Vendor Finance, in real estate, in Australia is:
http://www.vendorfinancelawyer.com.au/page28.html

Good luck.

Cheers,  Paul

Hi Kenzal

It's not a web site but Australian Property Investor magazine has the information you need (in each issue).

Cheers,  Paul

Hi Barbara

The Foreign Investment Review Board (FIRB) will probably allow you to buy a principal place of residence (PPOR) based on your 457 visa.  See:
http://www.pelicanwaters.com/images/FIRBinformationguide.pdf
in the Second Hand Dwellings section.

My opinion; I would buy now.

Cheers,  Paul

Hi Maree

I find the best way to find out whose doing the Strata Management, is to ask one of the owners.  They usually have a pretty good idea.

Cheers,  Paul

Hi Maree

As this is something that you may not have doen before, it helps to keep it simple.  First step is to contact the owners direct.  A couple of ways to do this is via the Strata Committee President (or Manager) for the building or RP Data (in most States).

When you get to talk to the owner, just ask them if they wold be interested in giving you a long term lease, at above market rental, with a view to you being able to purchase the unit, down the road.

That should get you going.  Feel free to PM me with the results.  Good luck.

Cheers,  Paul

Hi Badger

Gosh, I'm going to have to slap myself on the wrist again   Why, well I paid $10,000 for a full year of mentoring and, at the first get together, learned a technique that no one in the group had ever heard of before.  So I went straight out and used the technique and earned myself $36,000 on that transaction.  And I still haven't seen it written about in any book (and I've read most of the list at the back of API).

Keep them coming though, I love your masterful generalisations, e.g. "I think that people who attend property seminars and the like are mugs. There is nothing that these seminars can tell you that a couple of books, a bit of research and some basic common sense can't tell you." 

Cheers,  Paul

Hi hoping2doitright

Yes it is possible to secure the property a quite a late stage of the default process but, if the loan has been moved onto the banks lawyers and a Writ of Possession has been issued or is about to be issued, then it is probably best to hold off until the mortgagee auction.

However, if the loan is not with the banks lawyers yet, it is possible to take control of the property, in the first instance and then purchase it at your liesure.  However, there are so many variables in each particular case, it's just not possible to  go  through it all here.

Please feel free to give us a call at the number below or 0447 973 235, after about 3.00pm tomorrow (Tuesday).  I get back into the country at 2.30pm

Cheers,  Paul

Hi Martin

Our business involes buying and selling properties with vendor financing, i.e. Rent To Own, etc.  Please feel free to give us a call to work what needs to be done to get you  back into a CF+ position.

Cheers,  Paul

Hi Scott

That is sometimes called a "back to back lease/option" or a "sandwich lease/option", i.e. you lease/option a property (with the right to sub lease) and you on sell the property with a lease/option (obviously on a shorter time frame than your lease/option).

Cheers,  Paul

Hi billybob

Thesituation you describe leaves you out voted, 3 to 1, every time, from a family, blood is thicker than water,point of view.

If I was to consider this investment, I would insist that an extensive Joint Venture agreement be written up by a good solicitor and would ensure that this JV Agreement has a mechanism to force the sale of the property at a fixed time in the future, if just require this sale.  And there are definitely other points that your solicitor will want to cover.  Expect to pay a significant fee to get a suitable JV Agreement written up and don't be surprised if your solicitor ultimately advises you against this investment.

Good luck.

Cheers,  Paul