Please remove the green words from my post as I do not want it to look like I recommend the product it links to.
Hi All
I would also like someone to discuss Lease-options in detail. I don’t think they have the same stigma as wraps have and the media has not printed a lot of garbage about L/O as they have with wraps.
Hope someone will explain.
Kerwyn.
[thumbsup2]I agree Oldtimer, I wish I had just kept my properties instead of wrapping them. A few extra dollars in income has been obtained at the expense of large capital gains. Oh well.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email meTerryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
In my opinion LOs are superior to wraps (installment contracts) in many ways including:
– less problems with finance
– less complicated from a tax perspective
– less legally complicated
– easier to vary, eg can have the strike price as a discount to the value at the time of cashout
– tenant may be able to get rental assistance
– etcThe only down side i can see is the FHOG is not available to tenants until they cashout. Infact, this could be a positive, as it could mean they cash you out earlier, giving the backend profit sooner.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email meTerryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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