All Topics / Creative Investing / Anyone doing Lease Options??

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  • Profile photo of batts71batts71
    Participant
    @batts71
    Join Date: 2004
    Post Count: 57
    May 7, 2005 - 1:03 pm

    G’day guys,

    I’m struggling to find information on Lease Option infveting in Australia.

    I am currently living in the USA, and have completed a “boot camp” here dedicated to L/O’s, but want to use this technique when I return to Oz.

    i’d appreciated hearing from anyone doing L/O or if you can point me in the right direction of whom to contact.

    In specific I’m looking at the Qld market.

    Thanks guys,

    Cheers,

    Batts

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 8, 2005 - 12:01 pm

    I think Richard (QLD’s 007) recomended against doing L/Os in QLD because of the tenancy laws up there. It is probably very hard to make the tenant pay for rates, insurance, repairs etc. Or, it may be easy to get them to do so initially, but if they were to take you to the tribunal down the track you would probably be forced to repay the tenants for these expenses.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    [email protected]

    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

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