All Topics / Creative Investing / SA wraps and lease option

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of mitchelltempelmanmitchelltempelman
    Participant
    @mitchelltempelman
    Join Date: 2004
    Post Count: 4
    January 31, 2005 - 11:56 am

    Hello there,
    Is there anyone who knows if there is a different way of doing things in S.A. , because so far it seems that wraps are illegal here. Is lease option a possibility ?
    Thanks,
    Mitch.

    Profile photo of Alistair PerryAlistair Perry
    Participant
    @aperry
    Join Date: 2004
    Post Count: 891
    January 31, 2005 - 11:29 pm

    Hi Mitch,

    Lease options are definately possible in SA. There are plenty of people doing them.

    Alistair

    Profile photo of mitchelltempelmanmitchelltempelman
    Participant
    @mitchelltempelman
    Join Date: 2004
    Post Count: 4
    February 2, 2005 - 1:37 pm

    Thanks Alistair,
    Now I definately will go ahead with my plans !
    Mitch

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    February 3, 2005 - 8:36 am

    LOs are OK, but i have heard they have to be carefully created so as not to look like an installment contract or they too could be illegal.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    Click below to email me

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of mitchelltempelmanmitchelltempelman
    Participant
    @mitchelltempelman
    Join Date: 2004
    Post Count: 4
    February 3, 2005 - 1:06 pm

    Thanks Terryw,

    Time for my legal team to do some work I guess !

    Mitch

Viewing 5 posts - 1 through 5 (of 5 total)

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