Hi Paul

Feel free.  Anytime is fine.

Cheers,  Paul

Hi Dan

We operate mainly in NSW and, as far as we know, there's nothing stopping us from making multiple offers.  Of course, as always, check with your solicitor.

In fact we use the concept of multiple offers and a time limit on our offers, to insert some urgency into the transacction, e.g.:
"Good Until:  10am Tuesday, xxth May, 200x.  Please be aware that we are making multiple offers." 

Good luck.

Cheers,  Paul

Hi Paulyp

The challenge with a traditional option is that the final purchaser usually finds out what you optioned the property for.  If you're looking for an easy sale, you need to be able to give your final purchaser a standard contract of sale, not an Assignment of Option form (as with a standard option).

We use a system of legal paperwork that prevents the final purchaser knowing what price you're controlling the property for, i.e. it's an option but it's very different from a traditional real estate "call option".

Cheers,  Paul

Hi Charlie

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

If we go back to your question on Wraps (Instalment Sales Contracts) you can pretty much structure them in whatever way you think is most ethical for you.  This is done by simply instructing your lawyer accordingly while she is drawing up the legal paperwork.

Another important point about Instalment Sales Contracts is, when you sell a property with an Instalment Sales Contract, you are regarded as "supplying credit".  Therefore all your legal paperwork must comply with the Uniforn Consumer Credit Code and you must abide by all the Code's requirements.  This is the same Code that Banks, Building Societies, etc have to conform with.

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 JNM

The challenge with a traditional option is that the final purchaser usually finds out what you optioned the property for.  If you're looking for an easy sale for $800K, you need to be able to give your final purchaser a standard contract of sale for $800K, not an Assignment of Option form (as with a standard option).

We use a system of legal paperwork that prevents the final purchaser knowing what price you're controlling the property for, i.e. it's an option but it's very different from a traditional real estate call option.

Cheers,  Paul

Hi JNM

To complish what you want to achieve, you need to "control' the property (without actually buying it), along with the right to on sell at a higher price.

As part of our Vendor Finance buisness, my wife and I do this regularly.  If you would like to talk, our phone number is bleow. Good luck.

Cheers,  Paul

Hi Gav

Karen and I do a lot of vendor finance joint ventures but the first question we always ask is why?  The property you mention looks to have $70k of equity in it and I'm sure it would help all the experienced Vendor Financiers here, to know what your motivation is for selling the property, with or without vendor finance, i.e. with a wrap or a L/O.

Once we have an idea of your motivation, I'm sure other options will be put forward and you can look at what suits, e.g. you may take some equity of of this property and buy another property, especially for wrapping, L/O purposes.  This way you retain the on going capital gain in your existing property.

Good luck.

Cheers,  Paul

Hi Sanjiie

We use positive cashflow properties to support our higher capital growth, negatively geared properties.  More specifically, we use Vendor Finance as our positive cashflow technique and utilise this cashflow to build wealth in our buy and holds.  Good luck.

Cheers,  Paul

Hi Beck

Is the unit currently tenanted?  The reason I ask is because a couple of months ago we succeeded with a long distance lease/option (rent to buy) sale in North Parramatta.  Drop me a PM if you'd like further details.  Good luck.

Cheers,  Paul

Hi AdoubleU

WA has its very own rule about real estate Instalment Sales Contracts (often called Wraps), i.e. WA requires that you have a Credit Provides licence if you are going to provide Instalment Sales Contracts within the State.

We are not WA based but our vendor finance friends in WA tell us that the licence is easy to get and not too much of a pain at all.  Good luck.

Cheers,  Paul