As Terry says, Tony Cordato is the man:
49 York Street
Sydney 2000 (near Wynyard Station)
Ph (02) 8297 5600
The following may also be worth a read:
I have no argument regarding the information given in the posts above. However, when it comes to the “consumer marketplace” things become quite grey. Rulings in courts and tribunals seem to rely much less on what’s written in the legal paperwork, as against what is fair to the consumer.
For an indication on how various consumer advocate…[Read more]
The following may help:
In short, I believe that, if all home buyers using traditional home loan finance get the protection of the National Credit Code, then all consumer, residential home buyers should get this protection, no matter what…[Read more]
Paul Dobson replied to the topic Can a rent to buy tenants who is in the lease-option get finance ? in the forum Creative Investing 4 years, 1 month ago
As you are leaning towards Victoria it may be best to utilise an Instalment (Terms) Contract for the on-selling of the property you buy/build. This is because VIC is unique in that it doesn’t charge Stamp Duty until the Contract of Sale “settles”. In other States, Stamp Duty is payable within a number of days after “exchange of…[Read more]
Paul Dobson replied to the topic I want to buy property to do "rent to own" where do i start?? in the forum Creative Investing 4 years, 1 month ago
A couple of links that will help to get you going with Vendor Financing are:
It’s worth noting that a number of consumer groups and other “powers that be” are pushing to get Rent To Buys (Lease/Options) banned in the consumer/residential…[Read more]
Yes the FBAA Vendor Finance Meeting in Brisbane is still on next Thursday, algeit a a different venue from the last one. Full details and registration are available at: CLICK HERE
Also, if you’d like to keep up to date with happenings in the Vendor Finance Industry, take a look at the Vendor Finance Professionals FB group. It can be…[Read more]
If you are thinking of coming along don’t delay as there are only a few seats left. It’s looking like another sell out which shows just how many people are interested in bringing Vendor Finance into the mainstream.
The Queensland Inaugural meeting for the Vendor Finance arm of the FBAA will be held on the 30th of April. We were lucky enough to get the registration link early but not early enough, half the seats have already sold. If you are in Queensland I would suggest you book in early as this event will sell out quicker than Melbourne and…[Read more]
Don’t miss this exciting opportunity to network with Vendor Finance Professionals in a truly inclusive, community atmosphere.
The Finance Brokers Association of Australia (FBAA) and its Vendor Finance Steering Committee would like to announce its Vendor Finance Meeting dates for the remainder of 2015:
Sydney – Wednesday 25th March 2015 – Thu…[Read more]
I am currently a Responsible Manager for both our ACL’s and have recently resigned from another Responsible Manager position I was covering for a third party due to various concerns.
How do you see such an arrangement working? Please PM or email me.
First up, may I suggest you have a look at a page on our website, entitled ACL Coverage; CLICK HERE
Then give me a call, as there may be a way of structuring the transaction so you are not the credit provider. It is worth remembering that , if someone is simply disposing of an asset, e.g. one property, they may not be seen as providing…[Read more]
Paul Dobson replied to the topic Lease options – increasing sale price for long option period in the forum Creative Investing 5 years, 11 months ago
Happy to chat.
Terry’s recommendation is spot on, i.e. Lewis O’Brien is, in my opinion, the ‘go to’ vendor finance solicitor in Vic.
However be very careful of Victorian state legislation regarding Lease/Options and Stamp Duty. Unlike most other States of Australia, Stamp Duty in Victoria is not normally payable until Title transfer occurs. In most…[Read more]
Paul Dobson replied to the topic Lease options – increasing sale price for long option period in the forum Creative Investing 5 years, 12 months ago
Yes we’ve been running our vendor finance business since 2003 and went full time in 2009.It’s been a pretty lazy January ;-) but we’ll start marketing again at the beginning of Feb (have got 4 to sell).
Vendor Finance has been fighting it’s ‘cowboy’ reputation for some time now but a combination of new legislation (the NCCP Act 2009) and…[Read more]
I like the ideas here regarding the retention of this property. As a number of people have mentioned, there does seem to be an opportunity to do something with the hospital.
However if that doesn’t work out, you may get some ideas regarding a long distance ‘negative2positive’ vendor finance sale at CLICK HERE.
PaulDobson replied to the topic Lease options – increasing sale price for long option period in the forum Creative Investing 5 years, 12 months ago
Knowing Jason personally and knowing how long he’s been in the industry I’d suggest you take his advice to heart ;-)
Back in 2003 when we started in Vendor Finance (VF), marking up a property by 20% over market price was the standard. How things have changed! Our standard way of pricing a VF sale these days is to do an auto-valuation on…[Read more]
We write our Terms Contract (Instalment Contracts) to mimic traditional home loans, i.e. they have a 30 year term with a variable interest rate. Therefore, if you make your regular payments over 30 years the loan will be paid out.
If for some reason you could you cannot continue to pay a traditional home loan, the property is put up for…[Read more]
Hopefully the following link to a media release from the FBAA (Finance Brokers Association of Australia) can help to start to clear up the ‘shady’ image: CLICK HERE to view the media release regarding Vendor finance.
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