property options

Viewing 9 posts - 1 through 9 (of 9 total)

ajsc79
Participant
@ajsc79
Join Date: 2005
Post Count: 27
October 22, 2009 - 6:14 am
has anybody done property options and had success?
cheers
anthony
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
October 23, 2009 - 2:41 am
Hi Anthony
Please seek legal advice as you have just possibly committed an offence against the Corporations Act 2001 unless you have a managed investment scheme registered with ASIC.
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
marx3bull
Member
@marx3bull
Join Date: 2009
Post Count: 86
October 23, 2009 - 9:51 pm
Terryw wrote:
Hi Anthony
Please seek legal advice as you have just possibly committed an offence against the Corporations Act 2001 unless you have a managed investment scheme registered with ASIC.
The idea of property options is not clear to me. Can you please help me to understand this? Thanks in advance.
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
October 23, 2009 - 10:14 pm
Terryw wrote:
Hi Anthony
Please seek legal advice as you have just possibly committed an offence against the Corporations Act 2001 unless you have a managed investment scheme registered with ASIC.
This comment referred to a previous version of the post. not to property options. Glad to see the change.
An option is a contract which gives the buyer the right to purchase the property at a future date.
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
marx3bull
Member
@marx3bull
Join Date: 2009
Post Count: 86
October 27, 2009 - 10:30 am
Terryw wrote:
Terryw wrote:
Hi Anthony
Please seek legal advice as you have just possibly committed an offence against the Corporations Act 2001 unless you have a managed investment scheme registered with ASIC.
This comment referred to a previous version of the post. not to property options. Glad to see the change.
An option is a contract which gives the buyer the right to purchase the property at a future date.
Thanks a lot Terryw for answering. Some terms sometimes looks very tough for me. Why did you say “Glad to see the change”?
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
October 27, 2009 - 10:39 am
because the potentially illegal part was removed.
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
thewebchild
Participant
@thewebchild
Join Date: 2004
Post Count: 3
October 27, 2009 - 10:47 am
Are you referring to Mark Rolton's Property Options strategies?
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
October 27, 2009 - 10:56 am
no, the original post was about something totally different
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
Quinn Petrie
Member
@quinn-petrie
Join Date: 2009
Post Count: 6
November 11, 2009 - 3:39 am
I would love to actually sit down / meet with anyone in Melbourne who have used options or are currently using options. If anyone can give me contact details it would be greatly appreciated. Also if anyone knows of a good lawyer or solicitor who specialises with options and could supply me with their details it would be greatly appreciated. Cheers Quinn