Hi ShelleyI'd suggest you use;Lewis O’BrienLewis O’Brien & AssociatesCommercial LawyersSuite 4310 Whitehorse RoadBALWYN VIC 3103Phone: (03) 9888 6388Fax: (03) 9888 6366to draw up the Instalment Contract (IC).  Lewis is a very experienced vendor finance specialist.You can make the term of the loan 25 years.  In fact you can make it whatever you a…[Read more]

HiAs Richard says, it is achievable.Whenever we are buying we know people are negotiable in two areas, i.e. the price or the terms.  We've also learnt that we don't normally get agreement from the vendor in both areas, i.e. if you get them to move on the price, you don't normally get any movement on terms.In the case of buying with deposit f…[Read more]

Hi bscottyYes you can come to a private arrangement.  This would normally be done with paperwork called an Installment Contract.  If you let me know what State you're in, I should be able to direct you towards a vendor finance specialist solicitor.  Our solicitor charges us $980 to draw up these contracts.If your Instalment Contract is say, dr…[Read more]

Hi Ch4rlieWelcome to the forum and I hope you enjoy your time here.It's great to hear that you've been researching and come across negative gearing.  It's a great tool but, like most tools, can be dangerous when not used correctly.  We've helped out numerous people who've gone too far with negative gearing and due to changes in their life, have n…[Read more]

Hi GeorgeJust in case you don't have any luck, a couple of alternatives are:Paul Zalitis has a manual avialble at:  http://www.aussiewrapper.com.au/  andRick Otton has one available at:  http://www.rickotton.com/Cheers,  Paul

Hi MichaelWe use a discreationery trust with a corporate trustee as one of our business structures.  You mentioned the idea of a campany as tustee and I've got to agree with you.We ensure that the corporate trustee (i.e. company trustee) is a $2 company with a single director and we ensure the company's only reson for existance is to be trustee…[Read more]

Hi livin23We write our Instalment Contracts over 30 years but encourage our buyers to refinance by increasing their interest rate in years 3, 4, 5 & 6.  It's explained quite clearly, right from the beginning that this is a "stepping stone" into the traditional home loan system.  Of course, if they choose not to refinance, despite the increasing i…[Read more]

Hi WorkingOnItThe definition of Vendor Finance in our booklet is, "Vendor Finance (also know as Seller Finance) is finance offered by a seller (a Vendor) to finance the sale of real estate to a buyer".What we do, in a nutshell, is buy a house and then sell it to a buyer who can't get a traditional home loan.  This is done by making vendor finan…[Read more]

Does the loan still need to be a "non recourse loan"?Cheers,  Paul

Hi sirrobinI forgot to mention Gatherum-Goss & Associates.  Dale Gatherum-Goss wrote a great book called Trust Magic.  They're definitely on the ball regarding asset protection.Their at  http://www.gatherumgoss.com/about-gatherum-goss/contact-gatherum-goss/Cheers,  Paul

Hi sirrobinHave a chat with:Lewis O’BrienLewis O’Brien & AssociatesCommercial LawyersSuite 4310 Whitehorse RoadBALWYN VIC 3103Phone: (03) 9888 6388Fax: (03) 9888 6366A lot of our friends highly recommend him and, if he's not a specialist in asset protection strategies, I'm sure he'll be able to direct you to someone who is.Cheers,  Paul

Hi AmanSome of our JV Partners buy their properties with one owning 99% and the other owning 1%.  It's a simple process.  Just tell your solicitor that you want to purchase as tenants in common and the percentages you want and she/he will be draw up the paperwork accordingly.Taking on 80% of the ownership now seems eminently sensible, due to th…[Read more]

Hi shangrilaWe buy all our properties at well below asking price.  The trick to getting our offers accepted is to make them.  So many people feel embarrassed to make the offer that works for them.We're always polite with the Agents or Owners and we just let them know that we're not meaning to be smart but we love the house and that's all we c…[Read more]

Hi ImamIn relation to Terry's comment, "If they don't pay their loan ……"; we overcome this potential challenge by ensuring that all our buyers weekly instalments are collected by a specialist vendor finance management company.  This is the company that pays our under lying mortgage.I'm no lawyer but when an real estate Contract of Sale is ex…[Read more]

Hi Frugal OneWe believe that our long term wealth is measured by the amout of equity we have in property.  To accomplish this we use both +cf and -cf.Our +cf properties are properties we buy and on-sell with vendor finance and our -cf properties are the properties we plan to hold forever    Our +cf properties maintain our lifestyle and support the…[Read more]

Hi ImamAs you can see from the first two links I listed above, the two main Vendor Finance (VF) strategies are Instalment Contracts and Lease/Options.  While we've done many Lease/Options, we feel our clients receive greater security when buying with an Instalment Contract (the government regards it as a real sale as they pay the FHOG to our…[Read more]

Hi i imamMy wife and I started our real estate Vendor Finance business in 2003.  Happily for us, I was able to give up my job early in 2009 and we are now both enjoying working in our Vendor Finance business full time.We'd suggest the main pitfall is believing that it's some form of get rich quick scheme.  Happily it's becoming more regulated by t…[Read more]

Hi ScottyI agree.  If you have the deposit and can get a "standard" home loan, buying traditionally will normally be your first choice.Cheers,  Paul

Hi ScottyRenting your Brisbane house out is simple but it's made easier by making sure you get a great Property Manager (PM) to look after your asset.  I'm sure our fellow forumites will be able to direct you towards a great PM in your area of Brisbane.I would be very wary of advice from any financial planner whose only investment advice to you is…[Read more]

Hi AndrewI'm not sure how it actually appears on the title document but the Qld instructions for completing a "Transfer of freehold land" state, "Where there are two or more transferees, the tenancy must be stated (i.e. joint tenants or tenants in common). If transferees are tenants in common, the shares of each tenant must be stated. Shares must…[Read more]