Hi Mark

I've sent off a couple of emails to two experienced Victorian Vendor Financiers, to gauge their interest.  I'll PM you when I get a response.  Thanks.

Cheers,  Paul

Hi frosty

We 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 found a:
http://www.trustmagic.com.au/

Good luck.

Cheers,  Paul

Hi Mark

Most vendor finances we know in Victoria, semms to recommend:
Lewis O'Brien
Ph:  03 9888 6388

Cheers,  Paul

Hi Cath

We 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 Ruebarb

Would 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 Kum

If 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 has effectively stopped the sale of property via a Lease with an Option (Rent To Own).

However, as far as I know, you are allowed to use the Second Mortgage Carry Back technique in SA.  The sale of 1 or 2 of your properties, using this technique, may generate sufficient positive cash flow to improve your situation.  Good luck.

Cheers,  Paul 

Hi Joel

Sure 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 Fraggles

Steve 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/11

Cheers,  Paul

Hi Marc

My 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 Investor's point of view.

Cheers,  Paul

Hi Dane

Karen (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 what we regard as our real wealth creation plan, i.e. good capital growth buy and hold property.

We started with Rick Otton's Wrap Pack and along the way also got Steve's Wrap Kit.  I'm not sure if Steve's Kit is still vailable but I can assure you they're both great resources that will help you to get going.  Good luck.

Cheers,  Paul