Total Members: 158,198

Into_property

  • Into_property replied to the topic Best way to handle situation in the forum Creative Investing 11 years, 5 months ago

    Hi Paul, appreciate the info there, I'm quite sure I know of the educator you are referring to and it is from this educator that I had the impression it wouldn't be so difficult.  Obviously they are using this strategy all be it a dangerous one….

    Thanks for the info.

    Cheers,
    Jason

  • Into_property replied to the topic Assignee clause in Qld in the forum Legal & Accounting 11 years, 5 months ago

    Hi Terry – so just for future reference in case I have a need for this, if they do exist at time of signing and are mentioned does that avoid the double stamp duty?

  • Into_property replied to the topic Assignee clause in Qld in the forum Legal & Accounting 11 years, 5 months ago

    Thanks Richard, just wanted to check, yes the trust deed won't take too long we are tidying up a few loose ends at the same time.  Does it make any difference if the assignee/nominee's names are declared on the initial contract?

  • Into_property replied to the topic Best way to handle situation in the forum Creative Investing 11 years, 5 months ago

    Hmmm, so from the sound of it this would be pretty much be the case with any lease option type situation ( be it sandwich or just standard ).  Obviously the risk being heightened in this scenario due to the pre existing mortgage stress.  Is this the case Terry?

  • Into_property replied to the topic Best way to handle situation in the forum Creative Investing 11 years, 5 months ago

    Hi Terry,

    Any suggestions as the safest way to setup this type of transaction?

  • Into_property replied to the topic Instalment contracts and insurances in the forum Creative Investing 11 years, 5 months ago

    Hi Terry, that was my thinking but wasn't sure if that was the 'norm', wondered if maybe people were requiring current certificate of insurance etc like a bank would on your own mortgage. Feels like it would be easier just to keep your own.

  • Into_property replied to the topic Wanted 2nd hand Siacci system pack in the forum The Treasure Chest 11 years, 5 months ago

    I'm also in the market if anyone has one up for grabs?

Into_property

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