Hi DavidThere is a line of legal opinion that goes; if you or any entity, has a legal interest in a property, then you or the entity have the right to sell that interest.There are lawyers in each state of Australia that specialise in this area of property law and, depending what state you're in, I'm sure there are people on this forum that can…[Read more]

Hi JaymanFeel free.  I arrive back in Australia on Thursday evening, so give me a call anytime from Friday on.Cheers,  Paul

Hi JaymanI agree with Scott, i.e you are liable to pay stamp duty on the option consideration, not the strike price.As regards your business idea regarding options, you may find this thread interesting:https://www.propertyinvesting.com/forums/property-investing/general-property/4324130Cheers,  Paul

Hi YorkieSteve used to sell the Wrap Kit but, unfortunately that's not available anymore.  Rick Otton sells the Wrap Pack for $2,897.  A link with promotional information about the Wrap Pack is athttp://www.marketerschoice.com/app/?af=751132Cheers, Paul

Hi JeffWe're over on the East Coast and we still use Warren because he's excellent.  His details are:Warren BlackLevel 18, 152-158 St Georges TerracePerth WA 6000Tel:  08 9288 4596Fax: 08 6270 1000Email: warren@taxintelligence.com.auWeb:  http://www.taxintelligence.com.auCheers,  Paul

Hi HelenWe have been using Tony Cordato to help us with all our investment property purchases.  We certainly recommend him.  His can be contacted at 02 8297 5600.Cheers,  Paul

Hi Watson & RichardI'm currently in the process of getting a low doc from RAMS.  Unlike my previous low docs with the old RAMS, the new RAMS is insisting that our ABN, that must have been registered for two years, must also be registered for GST.With such a competitive product, I can see that a lot of ABN's are going to become GST registered Cheers…

Hi AJAbout the closest I've found to what you're looking for is:http://www.nmddata.com.au/index.phpCheers,  Paul

Hi Barts78I have to agree with units4me wholeheartedly.  I also thought how much I enjoy having my property managers to deal with such "interesting" requests, without me knowing anything about it Cheers,  Paul

Hi NatIf it were me, I'd get your property manager to give the tenants the official notification required in your state, that instructs them to vacate at the end of their lease.  This should give your property manager plenty of time to gets new tenants in, before you head off.Cheers,  Paul

Hi Paul$400 per week = $1,733 per month,  If you use a property manager, lets say, less 8% = $1,594.  Less costs for insurance, council rates, water rates and maintenance = $???.  But because your question is about negative gearing, lets keep your figures as you mentioned.Let's say your accountant works out that you have an annual loss on the IP…[Read more]

Hi AliJust a few years ago the "standard" amount of public liability, in Landlord policies, seemed to be $10,000,000.  We've noticed that our insurance company, NRMA, has now moved it up to $20mil and, when you have a look around at a few policies that seems to be the de facto standard.We think the increase is probably warranted.Cheers,  P…

Hi TonyYes we also use Loan Alert for second mortgage carry backs.  It works well.Cheers,  Paul

Hi as004There are quite a few vendor financiers here on this forum that may have a house available in your area.  If you let us know what area you're looking in, they may be able to help.Another good place to look is the small real estate classifieds in your local free newspaper.  A lot of vendor financiers advertise in these papers.Also, h…[Read more]

Hi TonyWe use LoanAlert for our Instalment Sales Contracts but it's not really suitable for Lease/Options (Rent To Owns).Just about every property manager has specialist rental property management software and should be able to handle a Lease with an Option.  However there are specialist property managers for Rent To Owns.  One we know, whose be…[Read more]

Hi KhiemI have sent you a PM.  Feel free to give us a call.Cheers,  Paul

Hi PaulFeel free.  Anytime is fine.Cheers,  Paul

Hi ScottNo, it has no "put" component to it.  It's just a "call" option that we've modified significantly because, when we first started doing these transactions, we were frustrated by both the vendor and the final buyer seeing the complete transaction.We figured that we'd negotiated a price that the vendor was happy with and likewise, the final p…[Read more]

Hi DanWe operate mainly in NSW and, as far as we know, there's nothing stopping us from making multiple offers.  Of course, as always, check with your solicitor.In fact we use the concept of multiple offers and a time limit on our offers, to insert some urgency into the transacction, e.g.:"Good Until:  10am Tuesday, xxth May, 200x.  Please be awa…[Read more]

Hi LouMy guess would be that it's more usual for the purchaser's solicitor/conveyancer to pay the stamp duty prior to settlement but, as you can see, lenders sometimes offers to do this.  Just check with your conveyancer, to see what she had planned.Cheers,  Paul