PropertyInvesting.com | David Siacci | Activity https://www.propertyinvesting.com/members/david-siacci/activity/ Activity feed for David Siacci. Tue, 14 Apr 2026 22:59:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0b74143e0742094eb63e68322e8edf3e David Siacci replied to the topic Rent to Own Problem in the forum Creative Investing https://www.propertyinvesting.com/topic/5041848-rent-to-own-problem/#post-5049321 Wed, 13 Feb 2019 22:48:35 +0000 Very brief…
Sell at the 540k with “mortgage like capital amount reductions” in the paperwork.
Set it up for a longer term, like 7 to 10 years.
Pay all the money received off the underlying loan.
I would also pay an extra 10k a year off the underlying mortgage so that when the time comes for the buyer to settle there is no underlying…[Read more]

]]> 715957e4765ffca77a645020dc24a2c1 David Siacci replied to the topic Shared Property Ownership in the forum Creative Investing https://www.propertyinvesting.com/topic/5040997-shared-property-ownership/#post-5049319 Wed, 13 Feb 2019 22:29:30 +0000 I love the SHO idea. I have been involved with only one back in the 1990’s. They provided the finance
Great idea, but seek very good legal advice on how you set it up as there are very different implications of liability if your name is on title or not.

]]> 766eee7786af643c1f216088254ecc77 David Siacci replied to the topic Shared Property Ownership in the forum Creative Investing https://www.propertyinvesting.com/topic/5040997-shared-property-ownership/#post-5049319 Wed, 13 Feb 2019 22:29:30 +0000 I love the SHO idea. I have been involved with only one back in the 1990’s. They provided the finance
Great idea, but seek very good legal advice on how you set it up as there are very different implications of liability if your name is on title or not.

]]> 5d88382dddb7066d9ae3fa324e78aaf2 David Siacci replied to the topic Instalment Contract Tax Considerations in the forum Creative Investing https://www.propertyinvesting.com/topic/5039824-instalment-contract-tax-considerations/#post-5049318 Wed, 13 Feb 2019 22:21:55 +0000 If your buying then the tax is not your issue
However, for the seller it will be assessed according to the contract date, unless its his primary place of residence which means the money is exempt.
If its not his PPR then it will attract the tax on the whole amount accordingly unless they are in the business of Vendor Finance, then its taxed as it…[Read more]

]]> b844bee6063d7cb22e2cbc30af3d34ec David Siacci replied to the topic Lease Options in the forum Creative Investing https://www.propertyinvesting.com/topic/5014093-lease-options-13/#post-5019598 Mon, 01 Feb 2016 20:25:55 +0000 Hello Argyle

Selling properties using lease options is a great way to balance out your property portfolio, especially if you have negative geared properties as well. By including positive cash flow strategies you can even out the shortfalls of the capital growth properties and basically have your cake and eat it too.

Properly formattted…[Read more]

]]> 627d103ec307a18ce25fb1c4af5f7229 David Siacci replied to the topic Lease Options in the forum Creative Investing https://www.propertyinvesting.com/topic/5014093-lease-options-13/#post-5019598 Mon, 01 Feb 2016 20:25:55 +0000 Hello Argyle

Selling properties a lease options is a great way to balance out your property portfolio especially if you have negative geared properties as well. By including positive cash flow strategies you can even out the shortfalls the capital growth properties and basically have your cake and eat it too.

Properly format of paperwork with…[Read more]

]]> 372d265a06ba3df048df04dc7dd56e5c David Siacci replied to the topic Wrap expenses in the forum Creative Investing https://www.propertyinvesting.com/topic/5017217-wrap-expenses/#post-5019597 Mon, 01 Feb 2016 20:13:41 +0000 We charge the buyer a weekly premium equivalent to 1/52 of the annualised cost of Council rates, water rates, building insurance and any other statutory charges related to the property. If it is an apartment there will also be body corporate fees that need to be included in this amount. On some properties this is around $40 a week but on others it…[Read more]

]]> 8c5166a81f8dae4894161f9fb07a0a8f David Siacci replied to the topic I want to buy property to do "rent to own" where do i start?? in the forum Creative Investing https://www.propertyinvesting.com/topic/5017103-i-want-to-buy-property-to-do-rent-to-own-where-do-i-start/#post-5019595 Mon, 01 Feb 2016 20:07:26 +0000 Hello Ando

As you are looking at doing rent to own/lease options there is no licensing requirement for you to sell your own property in this fashion.
Licensing is only required if you look at using credit contracts and getting that licence is virtually impossible, or if you are looking at selling properties you do not own without having a…[Read more]

]]> c2e4941860afc8ed68daf7c3ff791b91 David Siacci replied to the topic I want to buy property to do "rent to own" where do i start?? in the forum Creative Investing https://www.propertyinvesting.com/topic/5017103-i-want-to-buy-property-to-do-rent-to-own-where-do-i-start/#post-5019595 Mon, 01 Feb 2016 20:07:26 +0000 Hello Ando
As you are looking at doing rent to own/lease options there is no licensing requirement for you to sell your own property in this fashion.
Licensing is only required if you look at using credit contracts and getting that licence is virtually impossible, or if you are looking at selling properties you do not own without having a…[Read more]

]]> bbc831829bd54b3d1141e415d16f6c72 David Siacci replied to the topic Easements & not so permanent structures in the forum Value Adding https://www.propertyinvesting.com/topic/5016935-easements-not-so-permanent-structures/#post-5017028 Mon, 30 Nov 2015 20:39:52 +0000 Coucil are fee collectors. Chances are you will have little problem getting a permit for building someting simle like a carprt over the easment. It should take about 12 weeks and a couple of thousand dollars. Oh I would still do it in concrete

Dave

]]> 86efe62a01db9ef5e222b2ec7dd87a2f David Siacci replied to the topic Help!!!!! in the forum Creative Investing https://www.propertyinvesting.com/topic/5015514-help-45/#post-5017027 Mon, 30 Nov 2015 20:26:10 +0000 Do they own them outright or is there a loan?
If there is no loan ask them to sell one to you and register as first mortgage. They have good security and an income in the form of interest. Buy the other one as you were going to.
If there is a loan offering a couple of thousand as option fee(not refundable) or covering outgoings during the option…[Read more]

]]> 5b27567d704ea4c7a5faf64185ce9ccb David Siacci replied to the topic lease options for qld in the forum Creative Investing https://www.propertyinvesting.com/topic/5014960-lease-options-for-qld/#post-5016899 Thu, 26 Nov 2015 10:02:28 +0000 From the people I know, the majority of VF transactions in QLD have long been Lease Options. Done with a reasonable amount of due diligence very few are going to end up anywhere near court anyway.

The name of the legislation you mention should tell you how you will be treated by the law. national CONSUMER credit PROTECTION act. The legislation…[Read more]

]]> d96ab2968b158d6afd4860ff4d7f3d67 David Siacci replied to the topic How to grow an investment portfolio with limited Equity in the forum Creative Investing https://www.propertyinvesting.com/topic/5014740-how-to-grow-an-investment-portfolio-with-limited-equity/#post-5014999 Fri, 23 Oct 2015 19:38:44 +0000 At the last couple of Vendor Finance Association meetings this strategy has been a hot topic. The difference being the property is not purchased, maximizing profit by not paying stamps and giving more leeway for the numbers. Why buy when your goal is to onsell in the short term….

]]> 5cf73b96339abdbd3cb025fdad2fed79 David Siacci replied to the topic Deposit Builder - a new vendor finance strategy in the forum Creative Investing https://www.propertyinvesting.com/topic/4409608-deposit-builder-a-new-vendor-finance-strategy/#post-5013486 Sun, 20 Sep 2015 00:22:19 +0000 When selling via VF a realistic selling price is always preferential or your starting a transaction that will probably be doomed to fail. Keep the price real.

In theory you can charge what you like as the market value of a property is supposed to to be what a buyer and a seller agree upon. However in the Australian Socialist System this will…[Read more]

]]> ffafcf138a267544670974f4c9ff4be6 David Siacci replied to the topic Deposit Builder - a new vendor finance strategy in the forum Creative Investing https://www.propertyinvesting.com/topic/4409608-deposit-builder-a-new-vendor-finance-strategy/#post-5013000 Wed, 09 Sep 2015 03:13:07 +0000 Hi Ando

What your describing is different to the deposit builder. Your talking about Deposit Finance.
You will need a lender that will approve the finance for the larger portion ans well as accept the payments they make on the deposit. This used to be relatively easy as far as ‘different’ goes. With tightening of the credit laws it may be more…[Read more]

]]> 533d6dee67342858f3e2a5c56f08edb3 David Siacci replied to the topic Deposit Builder - a new vendor finance strategy in the forum Creative Investing https://www.propertyinvesting.com/topic/4409608-deposit-builder-a-new-vendor-finance-strategy/#post-5012998 Wed, 09 Sep 2015 03:03:58 +0000 The Deposit Builder Strategy (“the Strategy”)
by Lewis Obrien

This article explores the merits of the Strategy and examines whether it is likely to be effective in avoiding the requirement of the National Consumer Credit Code (“the Code) that vendors in the business of selling residential real estate to consumers under vendor terms contr…[Read more]

]]> 964d653386c443abf34669bbe79d5877 David Siacci started the topic Vendor Finance Association Meeting for NSW is Thursday May 28. in the forum Creative Investing https://www.propertyinvesting.com/topic/5007795-vendor-finance-association-meeting-for-nsw-is-thursday-may-28/ Mon, 25 May 2015 03:06:10 +0000 There are 4 Meetings held per year and members can attend as many meetings across the country as they wish.
Guests and new members are always welcome and the first meeting is free.

– Working without a Licence – what can we do
– Focusing on the Buyer
– Using Options for profit
– Spot of Advertising
– Client Reporting
– and much more

Ryde…[Read more]

]]> f184485302724d8c850f63286e024ed4 David Siacci started the topic FIRB rules in the forum Creative Investing https://www.propertyinvesting.com/topic/5007308-firb-rules/ Tue, 12 May 2015 01:28:28 +0000 Under new laws that come into effect in December 1 2015, foreign persons will need to notify the Government and get prior approval to acquire an interest in certain types of Real Estate.

An ‘interest’ includes buying Real Estate but can also include obtaining or agreeing to enter into a lease, or financing or profit sharing arr…[Read more]

]]> 5d6bb601262377be07580210d4651994 David Siacci replied to the topic Need to save my negatively geared property in the forum Creative Investing https://www.propertyinvesting.com/topic/4969130-need-to-save-my-negatively-geared-property/#post-5006646 Tue, 28 Apr 2015 04:00:38 +0000 The hospital idea is a good one except they will not take a house with structural problems, only a fully renovated property. Any kind of government contract will require the house to be in perfect condition.

If you go to sell it on Vendor Finance, I know that there was a fellow that need a few deals in Horsham for five years ago but have not…[Read more]

]]> fa54dd1fe0a49c793216d3ae7a9c17e5 David Siacci replied to the topic Sean Summerville in the forum Heads Up! https://www.propertyinvesting.com/topic/sean-summerville/#post-4679365 Sat, 15 Feb 2014 00:40:04 +0000 gags327 wrote:
Hi Paul, I am interested in joining the vendor finance association. I am in North Queensland so would be unable to make any of the meetings that you seem to have. What other benefits are there for me apart from going to the meetings?

The Vendor Finance Association is introducing a few new initiatives this year to help members…[Read more]

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