Hi MattA bunch of vendor financed properties are listed at:http://www.renttoownhome.com.auI have no affliation with the site, other than listing our properties there from time to time.Cheers,  Paul

Hi JessWe tried doing it ourselves.  It wasn't a great experience for us, so we're happy to pay them their 7% or 8% these days.  As far as we're concerned, if they do a good job, they deserve it.Cheers,  Paul

Hi Christian & GrantChristian, we are based in Port Stephens, NSW.  However, at the moment we are working on transactions in Nambucca Heads, NSW and Morwell in Vic.  We're also just been asked about Townsville, Qld and the ACT.  We don't limit ourselves to a specific area.Grant, from a risk mininisation point of view, we believe it's important fo…[Read more]

Hi LouAbout the only way I can think of possibly moving them on, is to offer them money.  It's very difficult to move a tenant with a lease and can normally only be accomplished with their consent.Cheers,  Paul

Hi ChristianWe charge our new buyers $980 to have the Instalment Contract drawn up and sent to their solicitor.  Yes an Instalment Contract can be exchanged with an existing mortgage in place on the property.Cheers,  Paul

Hi dadaThat's what we do.Land Tax can be a bit of a challenge for a Family Discretionary Trust but as you would only hold the Option, there are no Land Tax implications at this point, i.e. until the politicians think it up  Cheers,  Paul

Hi RhenryI've responded to this post in the Creative Investing sub forum.Cheers,  Paul

Hi AllYes, unfortunately Victoria now charges full stamp duty on the Strike Price of the Option.  This luckily is not the case, so far, in other States & Territories.It looks like most vendor finance transactions in Victoria, from here on in, will probably be undertaken with Instalment Contracts.  At least the Instalment Contract attracts p…[Read more]

Hi RhenryWe have done a lot of Lease/Options in our Vendor Finance business but, over time, have drifted back to Instalment Contracts as our favoured vendor finance technique.  This preference mainly revolves around the extra security an Instalment Contract gives a buyer, e.g. the government regard it as a real sale because they pay the FHOG to…[Read more]

Hi RhenryOur name is JV Property Partners.  I believe our web site will give you more information on vendor finance Joint Ventures.Cheers,  Paul

Hi MaxThree off the top of my head are:http://www.owner.com.auhttp://www.yourestate.com.auhttp://www.diysell.com.auIf you are prepared to leave some money in the sale, by making some vendor finance available, the following site might help:http://www.renttoownhome.com.auCheers,  Paul

Hi JessWith regard to the selling process, i'd take Terry's advice.However, even with this done, with "standard" call option wording, the strike price of the Option remains visible to the person you assign the Option to.  We overcame this challenge by including a "Higher Price" clause into the Option.  This clause makes the original strike pr…[Read more]

Hi AllisonI'm thinking more along the lines of House Call but I notice you mention that the commercial property "would also cover it's own expenses" and, I guessing this situation would make to feel more comfortable with the extra debt.It is possible to find residential property that not only covers expenses but also puts money in your pocket each…[Read more]

Hi FredoI'm presuming you're talking about a lender's valuation, prior to a purchase.  Yes the valuer is given a copy of the front page of the contract.  I guess the price on the contract does establish the price someone is prepared to pay for the property on the day.  Whether that establishes the "market price" has been argued about for quite so…[Read more]

Hi BBWelcome to the forum.  Hope you enjoy your time here.Another idea would be to redraw the equity out of your current Home near Bundy, as a deposit for an investment property in SEQ, e.g. find a SEQ property, use your home equity to put down a 20% deposit and finance the rest of the purchase price with an 80% LVR loan (+ purchase costs).  T…[Read more]

Hi KimHere are a few web resources that may help in your search for information about vendor finance in residential real…[Read more]

Hi KimWelcome to the forums.  I'm sure we all hope you enjoy your time here.As the legal paperwork for Lease/Options and Instalment Contracts is so different, I think it's best to answer your questions under a couple of headings.Lease/OptionsThe legal paperwork for a Lease/Option is, as the name implies, a residential lease (as defined in each s…[Read more]

Hi ottga.  Most of the properties we sell are purchased by our Joint Venture partners, i.e. they're bought with the intent of on selling them with Vendor Finance.b.  The trusting relationships build up over a period of time talking together and always being available to answer their many questions.  It's also important to have as many te…[Read more]

Hi jhk31My wife and I started our Vendor Finance residential real estate 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…[Read more]

Hi MaxIn your situation I'd probably go with an Interest Only loan for your first IP.  However, I suggest you talk with Richard and/or Terry in the Finance sub forum about this topic. While I used to be a mortgage broker, that was a long time ago and these guys are right up with all the latest.Cheers,  Paul