PropertyInvesting.com | Jack Dempsey | Activity https://www.propertyinvesting.com/members/jack-dempsey/activity/ Activity feed for Jack Dempsey. Wed, 15 Apr 2026 06:05:18 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9b794efed13084d016584819980f020f Jack Dempsey replied to the topic Taking over payments in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366015-taking-over-payments/#post-4417031 Wed, 09 Jul 2003 13:06:40 +0000 Sale usually negotiated on terms of $100K, $35k cash to vendor and take over $75K debt, therefore property “sold”

Hi Stephanie, much appreciate your post as this is a crucial area for me. Can you elaborate on any knowledge you remember? What does the above sentence mean?

All the best
Jack

Innovative Real Estate Solutions & Mortgage Broking -…[Read more]

]]> f2f707efdba9cd8f2cecf9a035ebcdf8 Jack Dempsey replied to the topic Taking over payments in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366015-taking-over-payments/#post-4417030 Wed, 09 Jul 2003 13:01:49 +0000

quote:
Omitted info from above post….
My understanding of the situation is that as part of the contract, the party taking over the mortgage has a claim
(caveat/encumberance?? apologies for linguistic limitation)
placed on title after the original party is paid out. Sale usually negotiated on terms of $100K, $35k cash to vendor and take over…

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]]> dc2d74058f5fc5011b2705964b47826a Jack Dempsey replied to the topic Taking over payments in the forum No Subject https://www.propertyinvesting.com/topic/4366015-taking-over-payments/#post-4417027 Wed, 09 Jul 2003 10:46:32 +0000 I’m very interested in this topic. Does anyone have any experience in taking over the existing mortgage payments in NSW? This is common in USA using a Quit Claim Deed. I have a copy of a legal Quit Claim Deed used in USA, but lenders in Oz have told me they don’t want to know about 3rd parties paying off mortgage payments. One lender told me it…[Read more]

]]> 96062c769331a7ebd3a06530cd362442 Jack Dempsey replied to the topic More on Business Structrure in the forum No Subject https://www.propertyinvesting.com/topic/4365885-more-on-business-structrure/#post-4416272 Wed, 28 May 2003 10:49:38 +0000 I’m not an expert but I am the beneficiary of a trust set up to protect assets. Generally a trust is safe for assets but there are some grey areas which need to be talked through with experts. Unfortunately experts can cost a fortune. Our trust cost $$$ to set up. I can give you the name of the company in Sydney where I did it. He’s a nice guy and…[Read more]

]]> b22264445682f4c74c502d179bd56206 Jack Dempsey replied to the topic More on Business Structrure in the forum No Subject https://www.propertyinvesting.com/topic/4365885-more-on-business-structrure/#post-4416271 Wed, 28 May 2003 10:44:06 +0000

quote:
Hi there,

Have a question about business structure. What is the better option, out of a trust or a P/L company.

I would like to setup a legal entity to put my properties under, which are owned in joint with a friend. Just wanted to know which is better in terms of protection of those assets in the instance where legal action is taken…

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