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    @tom123
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    June 24, 2013 - 7:54 pm

    Even if anyone can just tell me in their opinion what the differences are?

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    June 23, 2013 - 2:59 am

    Hi Qld,

    I'm aware you need a license, and i mean on selling using it. even if you just tell me in your opinion what the pros and cons are of the both? thanks.

    Cheers, Tom

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    June 22, 2013 - 8:01 am

    Hi Qld, 

    Well i live in queensland if it makes a difference, but basically my goals are to buy and hold and buy and use vendor finance strategies.

    but i'm extremely new at investing and i'm not sure what to look for in both of them. so i thought i'd create a post and ask more experienced investors.

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    June 9, 2013 - 11:50 am

    I would also like to hear from anyone who has done Dominique Grubisa's 3 day boot camp on buying distressed properties,

    as atm i'm deciding between buying rick ottons course or dominiques grubisa's course

    Cheers, Elives

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    June 9, 2013 - 9:43 am

    Thanks Qlds007 !

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    June 9, 2013 - 8:33 am

    what is the difference in closing costs from A ppor / ip?

    also my boss said that PPOR you don't have to pay stamp duty on it and that its only on IP that you do.

    i think he doesn't know what he's talking about but thought i'd ask just to be safe.

    and are their any discounts from buying an PPOR rather then a IP?

    Profile photo of tom123tom123
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    June 9, 2013 - 4:05 am

    thanks Paul!

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    June 8, 2013 - 5:21 am

    Hi Paul,

    ahh kk thanks Paul. btw have you done the rick otton course? / whats your opinion of him?

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    June 8, 2013 - 3:02 am

    and could you claim the interest paid on the loan?

    or no cause you name wouldn't actually be on the loan?

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    June 8, 2013 - 2:44 am

    Hi Paul,

    Maybe i have the wrong information just to clarify you wouldn't have the beneficial ownership of the property? 

    and yes you'd just be paying over the persons loan so it would still be in their name.

    but could you change the loan say it was principal and interest to a interest only loan?

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    June 8, 2013 - 1:54 am

    Hi Paul,

    thanks for your reply. I am finding this hard to beleive only because it's in rick ottons book "how to buy a house for $1 dollar" it has a hole chapter about it. before you ask i'm not getting confused with a lease on lease option.

    and i've even spoken to his sales repensitives on the phone about it. and they said this is what he teaches at his course which is 5.5k. and if you go to his website http://www.creativerealestate.com.au theirs even a podcast about it

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    June 8, 2013 - 12:17 am

    i could be wrong but lunar park in sydney was bought for $1, ABC child care centres were brought for $1, all they did was transfer the debt over.

    and i'm getting my information from rick otton, but dominique grubisa also teaches the same thing.

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