Hi Ben,

Agreed, definately Tony Cordato. He is the lawyer I use in NSW.

For a balanced view on all things vendor finance, also check out Tony’s website: http://www.vendorfinancelawyer.com.au

Cheers, Deanne

You definately can onsell your option at a higher price. A Lease Option is exactly that – a Rent to Buy.

You can do a Sandwich Lease Option, where you take an option on a property and then give an option to someone else on the same property at a higher price. You ‘sit’ in the middle of the deal, hence the name ‘sandwich’ I guess.

And you can…[Read more]

You definately can onsell your option at a higher price. A Lease Option is exactly that – a Rent to Buy.

You can do a Sandwich Lease Option, where you take an option on a property and then give an option to someone else on the same property at a higher price. You ‘sit’ in the middle of the deal, hence the name ‘sandwich’ I guess.

And you can…[Read more]

You definately can onsell your option at a higher price. A Lease Option is exactly that – a Rent to Buy.

And you can also put the deal together for yourself (and live in the house etc).

Hi Robert,

I have never purchased or done a lease option on a house that suits a particular purchaser. If I am purchasing a house to onsell with vendor finance then I have a simple checklist – 3/4 bedrooms, 1/2 bath, nice house close to schools, public transport etc. That way I will have a large list of prospective buyers to choose from, not j…[Read more]

Hi Jerry, sorry I just saw your comment!

I think it might be time to get something happening. I will look into this a bit more.

Thanks,

Deanne

Hi Cris, I also recommend Lewis O’Brien.

E: [email protected]
P: (03) 9888 6388

Many people don’t use Lease Options in VIC because Stamp Duty is payable upfront on the Option as well as when the Tenant/Buyer purchases the property. So a double-dip.

Cheers.

Hi Cris, I buy/sell and teach how to do Lease Options. One of my tenant/buyers settled on his property in July, getting a 95% loan. Another tenant/buyer of mine has just received pre-approval. This was through Liberty.

A very important part of making this successful is to qualify your tenant/buyers properly – I use a mortgage broker for this.…[Read more]