Hi DamianTheir are/were a number of wrap kits/packs available in the marketplace.  Rick Otton's Wrap Pack is still available, Steve McKnight's Wrap Kit is no longer being sold and I think Paul Zelitis (not sure if that's the correct spelling) also has one out.  I don't know the name of Paul's but I do have both the others.One point to remember a…[Read more]

Hi AnthonyTry:http://www.renttoownhome.com.auCheers,  Paul

Hi BamBamRichards suggestions are spot on.One small technical aspect however relating to the new National Credit Licence.  In Tony Cordato's "A Vendor Financier's Guide to the New National Credit Act", he mentions, "The use of Leases and Options for vendor finance is not affected by the new National Credit Act."The Guide can be viewed…[Read more]

Hi RCTheir are a number of wrap kits/packs available in the marketplace.  Rick Otton's Wrap Pack is still available, Steve McKnight's Wrap Kit is no longer being sold and I think Paul Zelitis (not sure if that's the correct spelling) also has one out.  I don't know the name of Paul's but I do have both the others.One point to remember about all t…[Read more]

Hi AllAs Richard mentions, S.A. is the only State that will not allow the use of an Instalment contract in a real estate transaction (Wrap).However, in 2009, S.A. also tightened up the rules regarding Lease/Options.  So much so that a good friend of ours, who had been using Lease/Options in Adelaide for many years, packed up his family and moved t…[Read more]

Hi ericWe use BMT and we're happy with their service and price.  Their website is at:http://www.bmtqs.com.au/Cheers,  Paul

Hi HengThe "and/or nominee" loophole has been closed off in NSW for quite awhile now.  If used it will trigger double stamp duty.  I think it's the same in Vic but not sure.  I suggest you put this question to your solicitor before you consider using this clause.A put and call option (if the call option is worded correctly) would work for this…[Read more]

Hi GThere sure is.  In fact this site contains a sub-forum dedicated to Adding Value.  It's at:https://www.propertyinvesting.com/forums/property-investing/value-addingCheers,  Paul

Hi RyanThe National Consumer Credit Protection Act will come into effect on 1 July.  It looks like the only vendor finance technique that won't be covered by the new Act will be Lease/Options.  For the rest, you'll need a licence for all new transactions, after 1 July.  Also, there are provisions in the new Act for licence holders to appoint re…[Read more]

Hi Dr SpockBuy & Hold or reno and sell, we find all people prefer to live in a "nice" looking area.  Our experience over the years is that an area dominated by rental properties doesn't appeal to us, so we steer away from those areas.  Of course this is a generalised comment and some tenants keep their rental property in great condition.  How…[Read more]

On the other hand, we bought a so called guru's manual in 2002, when we were living as expats in the middle east and decided to move home to do it.  We later attend some seminars, got some tutoring and now my wife and I both work this business full time together.I agree, be wary and do your due diligence. Listen to the promoters and the nay…[Read more]

Hi ScottThe challenge will be the option holder.  In this case probably a developer who is in the process of getting a DA approved for the property.  It's almost certain that the developer will secure and protect her/his option with a caveat over the property.Very generally, the caveat puts a paddlock on the property and this will stop the the ow…[Read more]

Hi AllI think I'll stay out of the moral argument here, as there are obviously two very different views.Regarding the method I outlined above, if the property is in NSW, there will be one amount of stamp duty payable.  This is because the resulting Contract of Sale will show that the title will transfer from the original owners to the new…[Read more]

Hi ElmoEven using the old trick of an "and or nominee" clause you will still trigger double stamp duty.You may be able to make it process work with a call option but, from what you've mentioned, your vendor thinks she's getting a straight sale.  Not sure if your vendor is going to take kindly to an option strategy at this late point.Possibly take…[Read more]

Hi DCWe take an each way bet on that question.  That is, we utilise our vendor finance, positive cash flow properties to support our growth oriented, buy and holds.As to the Aus Fin Review article, my crystal ball is a bit cloudy on the one Cheers,  Paul

Hi allthewayYou could accomplish a direct transfer from the original owner, i.e. your relative, to your new buyer, via an call option.  However a standard call option would normally allow your new buyer to know how much you've secured the property for.  Not something you really want.  There is however a specialist clause we put in our option…[Read more]

Hi BrizzaTheir are a number of wrap diy kits available in the marketplace.  Rick Otton's Wrap Pack is still available, Steve McKnight's Wrap Kit is no longer being sold and I think Paul Zelitis (not sure if that's the correct spelling) also has one out.  I don't know the name of Paul's but I do have both the others.One point to remember about a…[Read more]

Hi GreenpasturesWe have some friends who've just gone on the real estate speaking circuit with a promoter.  What was interesting and I believe correct, was the amount of due diligence done on our friends, by the promoter.  They had to justify, with documentation, every transaction they have done.  In order to "cover" their business, I'd expect ev…[Read more]

Hi MattSo far, I too haven't been able to discover what the cost of the licence will be.In relation to your one existing Instalment Contract, if you plan to not do anymore, you may be covered by Regulatory Guide 203.31 and not require a licence.  However it's early days and I certainly advise you look for assistance from the Vendor Finance A…[Read more]

Withdrawn as Terry had already answered the question.