Hi TezAnother alternative may be to purchase a property with Seller Financing or on a Rent to Own basis.  You will usually pay some form of premium (either price of interest rate) to purchase a property this way but, if traditional lenders can't help, have a look in your local newspaper's real estate classifieds, for small ads that have headers…[Read more]

Hi frostyWe recently got a Discretionary Trust Deed, along with a new company, to act as the coprorate trustee, for $1,400 from an accountant.  It is likely that the set up costs will be business expenses for the Trust.If you are researching Trusts for the first time, I'd suggest you grab a book called Trust Magic.  It's an easy read and can be f…[Read more]

Hi frostyMay I suggest you have a look throughhttp://www.sro.vic.gov.au/sro/SROWebSite.nsf/taxes_landtax.htmI hope that helps.Cheers,  Paul

Hi SnowballIf you were to sell your property on the Central Coast with Vendor Finance, it is likely this property would provide you with positive cash flow while, at the same time, locking in your future capital gain.Once this Vendor Finance transaction is set up, you will be able to show the bank manager that you have a positively geared…[Read more]

Hi CathWe do our Lease/Options mainly in NSW and use Tony Cordato.  We highly recommenc him.We haven't done a Lease/Option in Vic but have heard through the grapevine that Lewis O'Brien is the solicitor to use there.What State are you in?Cheers,  Paul 

Hi Scottie GirlOne way to secure a property without the need to get "traditional loan financing" is via Seller (Vendor) Financing.  You usually do pay a bit of a premium to buy your property this way but you can often secure the property for as little as AUD$10,000 deposit.  The vendor finance loans we supply to our clients normally run for 30 yea…[Read more]

Hi RuebarbWould you mind telling us if you are looking at this idea as a commercial transaction or is your motivation here, to help out a friend or relative?  Thanks.Cheers,  Paul

Hi DanikoMay I suggest you read both the following links:https://www.propertyinvesting.com/strategies/wrapsandhttps://www.propertyinvesting.com/strategies/lease-optionsCheers,  Paul

Hi KumIf you were in any other State except South Australia, I'd suggest you sell 1 or 2 of your properties via a Wrap or Lease Option, so the positive cash flow from the sale of this property(s) covers your negative gearing.Unfortunately selling real estate in SA with an Instalment Sales Contract (Wrap) is illegal in SA and new SA legislation h…[Read more]

Hi PosEIf your negative gearing has you in an uncomfortable position, it may be possible to on sell your property(s) utilising vendor finance.  If you have multiple negatively geared properties, it may only be necessary to on sell one of these, as the positive cash flow from the sale may support the other property.I'm sure you'll find a number of…[Read more]

Hi JoelSure you don't receive depreciation benefits from your PPOR but it is Capital Gains Tax free and the way Melbourne has been going lately, CGT is definitely worth considering.  Good luck.Cheers,  Paul

Hi WarrickFurther to Mark's comment about Vendor Finance, you may be able to Lease/Option the property from your friend (with the right to sub-lease).  Good luck.Cheers,  Paul

Hi FragglesSteve has a product for sale called Wealth Guardian.  I've found it to be an excellent resource for all my "structuring" questions.  You can find it at:https://www.propertyinvesting.com/resources/products/11Cheers,  Paul

Hi ErikSteve has a product for sale called Wealth Guardian.  I've found it to be an excellent resource for all my "structuring" questions.  You can find it at:https://www.propertyinvesting.com/resources/products/11Cheers,  Paul

Hi MarcMy guess is there'll be more of this type of comment once the show goes to air.  People doing something different always seems to challenge the entrenched vested interests.I'm sure our past clients, who have used our finance for anywhere between 1 to 3 years and then moved into traditional finance would love challenge the Barefoot I…[Read more]

Hi DaneIn my opinion, the best solicitor for your NSw wrap business is Tony Cordato.  His web site is athttp://www.businesslawyer.com.au/news.phpI hope that helps.Cheers,  Paul 

Hi DaneKaren (my wife) and I started wrapping in 2004.  It's been a fantastic experience.  We now utilise all the "standard" vendor finance techniques (wraps, lease/options, second mortgage carry backs) and a few extra "more creative" strategies as well.We've found that the cashflow generated by our vendor finance business has helped support wha…[Read more]

Hi KevinTry:  http://www.tica.com.auIt's very popular with property managers but I haven't used it as we too aren't interested in managing our own properties.  Good luck.Cheers,  Paul

Hi VanessaOverton Insurance Brokers have a special Building Insurance Policy they have put together for all Vendor Finance transactions, eg, wraps and lease/options.  The policy is underwritten by Australian Unity and we have bee using it for a few years now.I'd suggest you have a chat with Stella Tolios at Overton, on 03 9803 9222.  Good lu…[Read more]

Hi BrettIn Qld, when purchasing a property with an Instalment Sales Contract, the FHOG is payable when the: contract has been operating for one year purchaser has paid at least an amount equal to the grant or 10 per cent of the purchase price, whichever is greater purchaser is not in default of the contract, andpurchaser has occupied the home as…[Read more]