Hi Mgs4 The purpose from a seller's perspective is to achieve the "retail" price for the property as opposed to selling it wholesale for cash….a la Harvey Norman. Attaching financing to a property is like doing a renovation – it's value add – and therefore you can sell at 7-10% above market value. You don't need to do a renovation as you can…[Read more]

Best to contact PriceFinder and ask the question on where/how they obtain their data. I would assume from a variety of sources including RP Data or perhaps Residex. You can get access to one state or all states depending on the deal you take up. It is pricey, but every now and again there are people on this forum that offer group user deals which…[Read more]

Hi CJH, there are other ways to purchase a home creatively and you can do it through Vendor Finance.  You can assume someone's home loan without having to get a new one from the bank. Should you want more info on how to do this, read Rick Otton's book "How to buy a house for a dollar". Cheers, T43

Hi PCF, PriceFinder is the database you are looking for. It displays the details you are after. Cheers, TF43

The issues surrounding Rick are more to do with the marketing side of things than the actual strategies themselves (which are not deceptive).  Rick has issued a statement and if you check out the Vendor Finance Institute website you'll see information regarding this situation. Interesting what happens when you start to become bigger and better…[Read more]

Melissa it's a shame you transacted via an Agent and had to pay a commission. I live close to the inner west (Mascot / Rosebery) and could have assisted you in a sale using my vendor finance skills. I don't charge a commission and am looking for Joint Venture partners. If at any stage you'd like to chat more about how my skills can assist, please…[Read more]

Hi Melissa, did you sell this traditionally or creatively? Have you bought another property? Regards, Tamara

Hi Phil
Just to narrow it down for you a bit more……in Paul Dobson’s blog he mentioned http://www.vendorfinancelawyer.com.au. This is Tony Cordato’s website which does have working examples of the strategies – good for you as the “numbers man”.

Rick’s book only gives you a very basic intro into vendor finance. Doing his boot camp will provide much…[Read more]

Yep agree, sounds like a lot of money. I would have to say that Rick actually charges his time out at a very hefty price. Can’t tell you exactly what it is, but I would assume it’s something like $500 per hour. It sounds like a lot of money to most, but I guess that’s what he values his time at, and that’s just how it is!

Agree with you regarding…[Read more]

Hi Rhino,
Just a comment about people charging $3000 vs $300 for their intellectual property…..

Courses cost money to put on:
1) There are ADMIN costs for all the material (including folders, photocopying notes/booklets, equipment required, prizes etc…)
2) STAFF costs – staff need to be paid to co-ordinate all course material, course bookings…[Read more]

Hi Rhino

Whilst I understand what you are asking, the main aim of my topic was to invoke discussions surrounding “supporting one another” regarding real estate transactions in general.

For me it’s not about how successful I can be in relation to replacing my income. I’ve been a stay at home mum of two Special Needs kids for years. I haven’t had…[Read more]

Hi Catalyst

You also made a good point re: Dymphna. I’m actually surprised at that. I think she is more of a buy and hold type of person. I’m sure Cherie Barber would have something to say about her comment. Ah hello…..the woman has made millions from that strategy so it’s gotta work!

I was also disappointed when I attended a Metropole seminar…[Read more]

Richard, there's a little strategy called a HANDYMAN SPECIAL which allows your incoming buyer to use Sweat Equity to purchase the property in lieu of the renovations required. I wouldn't waste my time or money on renovating. I just don't have either. I'm a mum with 2 special needs kids so I'm limited on both of these. So in most cases No you don't…[Read more]

Hi Kallan, sorry was just pulling your leg!!! It's an in joke with Rick Otton students.  Shame you are selling the pack. At some stage you will probably kick yourself as the Bootcamp is fantastic and will give you more than just one strategy. If I was you, I'd hang onto it for the future. I have kids (granted they are older) but my hubby and I…[Read more]

Paul, I've heard there are new government regulations surrounding this. I'd check this out with PriceFinder if I were you beforehand.  Regards, Tamara

Sydney, Australia. Are you flexible on how you receive payment? Instalments?

Hi Kallan, where abouts are you located? Tamara

Hi Rhino101…..yes there is a book which will give you the basics – "How to Buy a House for a Dollar" (Rick Otton). You can also find legal info at Tony Cordato's website http://www.vendorfinancelawyer.com.au. Other resources would be the Vendor Finance Association as they have meetings you can go along to.  Alternatively you can do a Joint Venture with…[Read more]

Jay, there's no reason why you couldn't ask the Agent to come along to a meeting with you and the Vendor. Seeing you know as you're the only one who has put in an offer, this places you in a more prime position to have contact with the Vendor. Don't discuss or start bargaining price with the Agent around – this will only get everyone's hackles up.…[Read more]

Jay – try and have the conversation with the Vendor. Work out his Cash Bit and Debt bit. You'll have a better understanding of where he's coming from after that. Don't assume anything, otherwise it's just speculation on your part. Find out his ACTUAL situation, but request permission to ask the questions first. Cheers, Tamara