[jamjamMember@jamjamJoin Date: 2009Post Count: 7]

March 26, 2009 - 2:03 am

Hi Quantum Leap,

Did you get anywhere with your search for  a 'mentor' in the property options world? I too like the idea of property options as a property investing strategy but am desperate to find as much information as possible at the moment, through forums like this one and the internet in general.

Hi Paul, do you have any interest in expanding into WA in the future…are you still looking for partners who are interested in property options to mentor? I have a full time job at the moment which I would be unable to leave unless I had adequate replacement income. I am prepared to put in the hours though to build up the experience and knowledge that would be required just the same as any other job. Like QL above I am prepared to start working for an agreed % split and see what happens from there.

I realise the numbers can sound really good but on the flipside there is a huge amount of time and effort required too. I am a realist and understand the nature of options and derivatives in general and although not a mainstream investment strategy, I believe this is an area that I could learn and excel in.

I would welcome any feedback from you guys.

Cheers

JamJam

[jamjamMember@jamjamJoin Date: 2009Post Count: 7]

March 13, 2009 - 6:07 am

just found these guys on the web:

http://www.lloydsoptions.com.au/page.php?page_id=21

has anyone heard of them???

am i right in thinking that what they do is typical of property options where you find the site and they find/fund the DA and options fees and offer you a fixed % of returns?

gotta say property options look like a healthy return if they pull through and you can onsell for a tidy profit to a developer. i'm guessing that this whole process of finding the right property/land and getting the necessary permits for development is a lot harder than they make out.

wondering if there is anyone in WA who does this kind of thing?

[jamjamMember@jamjamJoin Date: 2009Post Count: 7]

March 10, 2009 - 2:02 am

I think at this point I'm probably after a more general overview rather than specific to WA

Do you mind if I ask how you furthered your knowledge on "wrapping"? Was it a case of network sourcing, books/internet, or simply trial and error?

Cheers

[jamjamMember@jamjamJoin Date: 2009Post Count: 7]

March 10, 2009 - 12:52 am

Thanks for that Richard.

I have found the relevant forms and taken note of what I need to do before starting my new adventure.

Do you know of any other sources of information about "wrapping" that I can use?

Cheers