Hi FredThere is a list of vendor finance specialist lawyers at:http://www.vendorfinancelawyer.com.au/vendor_finance_specialists.htmWe use Tom Forster for all our Qld transactions but use a NSW based accountant.  Tom may be able to steer you towards a vendor finance savvy, Qld based, accountant.Cheers,  Paul

Hi FrostyWe're in the process of selling a property in Morwell with a vendor finance Instalment Contract.  It's only been advertised for just over a week and yesterday we got a suitable buyer. We've had lots of calls for the property, so there's certainly a lot of interest in home buying in the area.  As mentioned above, the lower price range of…[Read more]

Hi FredWe call what you're proposing, our "negative2positive" process.  It should allow you to sell your property at a premium price and allow you to get a deposit up front, positive monthly cash-flow and a lump sum payment, we call our back-end profit, when the new vendor finance buyers refinance.Sandra on the Testimonials page of our website is…[Read more]

I knew NSW was good for something    With an Instalment Contract the FHOG is payable on proof of possession.Cheers,  Paul

Remember, what other people think about you, is none of your business  Cheers,  Paul

Hi thekWe try to spread our borrowing around as much as possible, to avoid cross collateralisation and lender's "all money" clauses.  Based on this and the fact that the credit union is a bit cheaper, we'd probably go with the credit union.Cheers,  Paul

Hi CraigWelcome to the forum and I hope you enjoy your time here.1.  Your unit doesn't seem to be performing too well but, if you sell it traditionally, at this point the "numbers" don't look very appealing.  You could possibly consider selling it with a vendor finance Instalment Contract.  Selling with vendor finance will usually get you a pr…[Read more]

Hi ErnieI'd suggest you take all the advice above and spend some time reading a lot of the posts on this forum.  Then come back with all your questions.  I have no doubt that, with the help of a number of the professionals on this site, you'll be able to undertake this project yourself.Cheers,  Paul

Hi AndrewThe latest Australia Property Investor magazine shows the "annual growth over 10 years" for Kanwal as 7.2%.Cheers,  Paul

Hi JohannWe did use any of the stataegies you mentioned but we did commence a part time, vendor finance business in 2003.  My wife Karen work it full time and I ended up keeping my job until early last year.  We could have doen it fatster but the end result has been great, i.e. we both now work in our business full time and love i…[Read more]

Hi AjayIt's always a good idea to keep a close eye on your costs.  Let's have a look at the ongoing costs you mentioned:1.  Strata Fees – You could stand for election on the Strata Committee. It's usually quite easy to get elected as most people don't seem to want to get involved.  This is the committee that overseas all expenditure on the bu…[Read more]

Hi DanielYes but only under the guidelines laid down by the Foreign Investment Review Board.  The FIRB's faq page is a good place to start.  It's at:http://www.firb.gov.au/content/faq.aspCheers,  Paul

Hi fredoAs Tamar says, yes you can use vendor finance to sell existing investment properties you own.  We call this our negative2positive program.  Sandra, in the "Testimonials" area of our website, is a negative2positive client.  It's also important to note that different States have different rules regarding what you can and can't do with the…[Read more]

Hi scMy general rule is that I require less land the closer I get to the CBD.  Mainly because a lot of people are prepared to reduce their requirement for land in exchange for the convenience of living close to the CBD.I'd be happy to forgo some or all of the land component if I was close to Sydney CBD and closer still to the Parramatta and Nort…[Read more]

Hi newI'd suggest you have a talk with Richard.  He has been helping a hell of a lot of forumites here for a long time and we recommend him highly.Cheers,  Paul

Hi DI know Robert hates "deworseification" but I know he loves both silver and real estate (not so much US real estate at the moment).  Possible go 50/50.Cheers,  Paul

Hi SteveWe always check that our Trust Deed list of beneficiaries includes our associated companies.  Then, when we don't want to make a distribution to any individuals for tax reasons, we can distribute to a company and only pay the company tax rate (currently 30% and possibly reducing to28%).The ATO has recently tightened up on this movement of…[Read more]

Hi WatsoncWhy not use the increased equity in this property as a deposit on an investment property?Cheers,  Paul

Hi TerenceIn what capacity would you like to involve your Father?  Appointor, Guarantor, Trustee, Beneficiary, etc?  If it's as a Beneficiary then I don't believe he has to be an Australian Citizen.  However, as always, check with your accountant/solicitor.Cheers,  Paul

Hi mrpropertyWhat area are you looking at?Cheers,  Paul