Hi JoI don't know of any "beginners seminars" so I'll recommend a few books.  Even these books are written by people that would like your business but they also contain a lot of good basic information about property investing.  The books are:Wealth for Life by Tony MelvinHow to Grow a Multi-Million Dollar Property Portfolio – In Your Spare Time b…[Read more]

Hi DucksterSo far I haven't been able to establish what they're going to charge but, as you say, you can bet it won't free.Cheers,  Paul

HiI believe in always making sure that the company/trust structure that's holding the assets, eg. IP's, should do nothing but sit there holding those assests.To have the trustee company also conducting the business of a trading trust, to me, leaves it too open to attack.  Cpmpany structures are cheap.I have one acquantance that insists that we…[Read more]

G'day RyanI'm not personally keen on small regional areas for my real estate investments but, your choice.I'm guessing there are quite a few motivated sellers in the area you're operating in.  Why not buy the properties utilising a wrap strategy?  You won't get as many wraps as second mortgage carry backs but the ones you do get will be free of…[Read more]

Hi Ko

Have you thought of selling the property with vendor financing? It may be possible to structure the sale so that the property has neutral cash flow and you sell for a profit, or at break even at worst.

If you PM me a few “numbers” concerning the property, I’ll have a look at what may be possible.

Cheers, Paul

Hi MitchIf you were to sell your property with vendor finance it would be structured so that:1.  Your mortgage payments are fully covered2.  You should end up with a few hundred dollars of positive monthly cash flow3.  You get a fixed level of capital sale for the property.With a vendor finance sale you would get positive cash flow and fixed cap…[Read more]

Hi RyanCongratulations on your purchase.  In the current market just watch out for the lender requesting you to substantiate your deposit has come from real savings.Also, don't be afraid to go in a little harder.  I recently got a property in Newcastle for $320,000.  Paid $256,000 at settlement and the vendor accepted a $64,000 carry back, in…[Read more]

Hi MisterAre you looking for a wrapper to buy the property and then wrap it to you?  What town?  Who currently owns the property?  Is it listed with a real estate agent?  PM me the answers if you wish.Cheers,  Paul 

Hi OlliSorry I can't help you with the necessary accountants details but I've got to say that I'd never consider not using a solicitor to assist with a property purchase.I'm a keen"bush lawyer" but the things the lawyers have picked up in the past that I've completely missed, have saved me lots more than their fees.Cheers,  Pau…

Hi RickYes we have experience vendor financing commercial property. I notice you're considering buying with VF.  Have you decided what strategy to use for the purchase yet, i.e. instalment contract, lease/option, 2nd mortgage carry back, etc?Cheers,  Paul 

I agree with Terry.  I always say, it's the equity you own in property that makes you rich.  We use positive cash flowing vendor finance properties to support our negatively geared IP's.Cheers,  Paul

Hi WalterYes, these lists exist but they are usually sold as education publications.  Are you looking for a straight checklist or are you looking for a manual that takes you through the whole process, in a step by step fashion? Cheers,  Paul

Hi PickleI believe a change of agent combined with a week's free rent will do the trick but, just incase it doesn't, you might consider on selling the property with Vendor Finance.With this type of sale, you can lock in a fixed level of capital gain and get the property to generate positive cash flow until the buyer refinances into a traditional…[Read more]

Hi AllOne interesting point about Land Tax is that, as a Vendor Financier, my Land Tax bill disappears as soon as I on sell a property with a particular type of Vendor Finance.  Even though our name may stay on the title for 30 years.  Great things, Land Tax variations Cheers,  Paul

Hi WGordonSorry I can't help you with the Wrap Kit but, as Steve says, you might get lucky on eBay.We use Loan Alert to track all our Vendor Finance transactions.  It works for us and Michael & Yuch, the developers, provide excellent back up.  Try;  http://www.loanalert.com.auTony Cordato is a very experienced Vendor Finance solicitor, if not th…[Read more]

Hi Jeff SallyTom's firm is Litigation Law.My view on your situation is that you were more than generous, giving the on site managers the opportunity to sell the property.  They didn't get a sale so I wouldn't pay them a commission, just as I wouldn't pay a real estate agent a commission, if they didn't get a sale.  As far as I see it, the on s…[Read more]

Hi Jeff SallyWe use Tom Forster for all our Qld vendor finance transactions.  He can be contacted at  0428 777 007.Cheers,  Paul

Hi JeanIf an LVR of 60% won't work for you, you might consider buying a place with vendor finance.  It does tend to limit your choice of available properties but then something suitable may be available.  May I suggest you have a look through the list of available properties at:  http://www.renttoownhome.com.au  I don't own the site but I do adv…[Read more]

Hi Jeff SallyAre you using a specialist Vendor Finance solicitor to, at a minimum, look over your lease and option documentation?  We always use the services of one of these specialists to cover our position in each transaction.The reason I ask is, if you are using such a specialist and he/she hasn't told you how to apportion your incoming funds…[Read more]

Hi CircleWe have a company called Vendor Finance Management P/L look after our wraps and second mortgage carrybacks.  Give me a call.Cheers, Paul