PropertyInvesting.com | Ben | Activity https://www.propertyinvesting.com/members/benjohnson/activity/ Activity feed for Ben. Sun, 19 Apr 2026 02:36:29 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9cdd827c030070be7edd59b28bfb481d Ben replied to the topic If I have money to lend how do I find borrowers in the forum Finance https://www.propertyinvesting.com/topic/5048511-if-i-have-money-to-lend-how-do-i-find-borrowers/page/2/#post-5049115 Wed, 06 Feb 2019 21:32:01 +0000 To be clear, here is an extract from Schedule 1 of the NCCP. So, if you are in the business of buying and renovating properties for profit then NCCP does not apply. If you borrow in a company or trust name the NCCP does not apply. If the people you borrow money from are not in the business of credit provision the NCCP does not apply.
When you take…[Read more]

]]> 3af940c00dc8208d0e34d6ede7d71895 Ben replied to the topic If I have money to lend how do I find borrowers in the forum Finance https://www.propertyinvesting.com/topic/5048511-if-i-have-money-to-lend-how-do-i-find-borrowers/page/2/#post-5049113 Wed, 06 Feb 2019 21:07:20 +0000 Hi Steven,

I think you are overcomplicating the issue. I would not worry about being caught under the NCCP as what your dad does is more like a JV where he is an unsecured lendor and he does not run a money lending business, he simply invests cash for a profit. There are a number of qualifiers to be classified to be in the business of money…[Read more]

]]> ca1eebdf3453f8a9357d671c6f4d3863 Ben replied to the topic If I have money to lend how do I find borrowers in the forum Finance https://www.propertyinvesting.com/topic/5048511-if-i-have-money-to-lend-how-do-i-find-borrowers/#post-5049063 Tue, 05 Feb 2019 22:12:08 +0000 I think Richard is wrong, as mentioned above, to be caught under the NCCP you need to be in the business of making loans. For example, if you have sold your property with vendor finance you don’t need a license for a one off event. Similarly, for a one off money lending to help your friends with finance you don’t need to be licensed. Once you…[Read more]

]]> eb8df04294543dd5518f6a06e0d53aa4 Ben replied to the topic If I have money to lend how do I find borrowers in the forum Finance https://www.propertyinvesting.com/topic/5048511-if-i-have-money-to-lend-how-do-i-find-borrowers/#post-5049037 Mon, 04 Feb 2019 04:36:41 +0000 I am invested in the Richard’s fund so can vouch for him. I think he has set up a very clever scheme where loans are advanced to multiple borrowers and not for development purposes. 3-6 month loans at 17% interest in my opinion are safer than first mortgages for 12 or more months advanced for construction at 10-12%. So well done Richard. My only “…[Read more]

]]> 9bac7de3990e092a61e17153fb3117ce Ben replied to the topic If I have money to lend how do I find borrowers in the forum Finance https://www.propertyinvesting.com/topic/5048511-if-i-have-money-to-lend-how-do-i-find-borrowers/#post-5048971 Fri, 01 Feb 2019 04:30:28 +0000 No, I don’t have the credit license
Also, to answer previous comment RateSetter is a bit of a joke. Unsecured lending at 3% p/a is the same as you would get at the bank. What I am looking for is first and second mortgages where loan is in my name.

]]> 362ab04c8fc615415293467e06e6970c Ben started the topic Sydney - need good solicitor for purchase and sale of property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5048937-sydney-need-good-solicitor-for-purchase-and-sale-of-property/ Wed, 23 Jan 2019 04:44:46 +0000 Hi,

Would you be able to recommend a good solicitor in Sydney for purchase and sale of subdivided property. The work will involve drafting sale contracts with special conditions. I need someone who is practical so I can work with that solicitor for many years to come.

Cheers

]]> 476ead57ba2fb57ad2e2d3c70e66b959 Ben replied to the topic Property advisors in the forum Help Needed! https://www.propertyinvesting.com/topic/5048509-property-advisors/#post-5048516 Sat, 10 Nov 2018 06:33:49 +0000 I would say stay away or be very careful. In these types of deals there is really nothing left in the property for the buyer as both builder and marketer have taken all of the profit. Buyer’s only hope is that market would keep rising thus covering all of the extras.
Here is an example – developer is selling lots for 300k, builder secures the lot…[Read more]

]]> 85d8ac88bafb91d5169ab85cb9447358 Ben replied to the topic Property advisors in the forum Help Needed! https://www.propertyinvesting.com/topic/5048509-property-advisors/#post-5048512 Sat, 10 Nov 2018 04:06:43 +0000 Most so called property advisors in Australia are marketers flogging new off the plan property of house and land packages with commission between 30 and 60k.
I am not saying that there are no decent people but after years working with marketers I can tell you that in large percentage of cases the game is rigged and not in the buyer’s favor.
The…[Read more]

]]> c69c57a50404e78196972ea114d00811 Ben started the topic If I have money to lend how do I find borrowers in the forum Finance https://www.propertyinvesting.com/topic/5048511-if-i-have-money-to-lend-how-do-i-find-borrowers/ Sat, 10 Nov 2018 03:58:53 +0000 A fool and his money are soon parted so in light of that maybe a strange question but I have some money to lend and want an advice on how to find a borrower.
I have done private lending before on a first mortgage basis at 10-12% p/a so fully aware of how it works and use solicitors who specialize in private mortgage documents preparation and…[Read more]

]]> 4768c3fd68ac4395135bb83528726106 Ben became a registered member https://www.propertyinvesting.com/activity/p/377372/ Sat, 10 Nov 2018 03:30:12 +0000