Another alternative is to use the mortgage broker you recommend in the link to your website which appears to have been omitted from your original question.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Which local authority does the property come under?

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

John is right.

Every taxi driver and full time teacher all wants to be a property developer and thinks it is the easy way to making your next fortune.

As someone has been involved in the Brisbane property development market for the last 12 years i assure you that it is not easy and without its own problems.

Once you have found the property or…[Read more]

Miracle

You appear to be an expert on 2nd mortgage Vendor financing with your lawyer arraning all the paperwork yet you sent me an email asking whether i would let you have a copy of a Put and Call Option.

Surely wouldn’t the same lawyer you use for all these 2nd mortgages have one for you.

And don’t you think the average mum and dad vendor is…[Read more]

Sonja

6 weeks maybe the standard in NSW in Qld it is 30 days.

Last property we settled in 11 days and that was only because we lost 3 days over the long June weekend.

If you want to buy a bargain you can’t hang around and expect the vendor to wait forever.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a…[Read more]

Why not consider a wrap deal.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Don’t tell my clients your Accountants hourly rate they will want to cut mine in half.

Like anything in this world you get what you pay for. If you consider what you ahcieved out of the meetings as worthwhile only you can determine as the value of this.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a…[Read more]

Josh

What age is the property?

Must be after the 1974 Building Act !

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Yorker

You are bang on there.

You might think we are 20 years behind the rest of the Country but i assure you A Put & Call in Qld is the same as everywhere else.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

John

Good choice in my opinion.
Also bear in mind the ATO treat a Barter Dollar as exactly the same as a Aus Cash$ but as yet the ATO don’t take Bartercard for the repayment of your Tax liability.

As soon as they do i am back joining again.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a…[Read more]

Stu

I think you may find it depends in Qld on whether it is an owner occupied or IP as to whether the Bank will allow the duty to be transferred.

I recently refinanced a private portfolio of IP’s through Anz and they purchased the entire debt from my previous lender meaning zero stamp duty.

Cheers Richard
richard at…[Read more]

John

When we were members we used to buy Bartercard Dollars at 47 cents $Aus to each Barter dollar.

The other issue is to try and find anyone in the construction industry to accept them.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Having known Kevin & Kathy Young since 1995 i think they would both agree that they are not developers

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Professional wrapper.
Is that an occupation or lifestyle i am not sure?

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Jo

Don’t want to nit pick but the relevant date for CGT calculation is not the date of ownership (i.e possession or settlement date) but actually the unconditional Contract date.

Have had many clients come unstuck with this one.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting…[Read more]

Pedge

You have probably been flooded with enquiries already but what State are you in.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

I have purchased and wrapped several properties in my SMSF.

Other than the lack of gearing the asset is protected and you are obtaining a higher rate of return due to the lower taxation rate that SF enjoy.

Super Contributions are limited to a sliding scale dependant on your age but if both husband and wife are beneficiares and of similar age…[Read more]

Anthony

Yes we take over all the negotiations and try and negotiate the price down. In some circumstances that is not possible but at least the wrappee is aware of the true cost of the property and the sale price is reflected in our letter of offer together with the repayments and any other terms.

Cheers Richard
richard at…[Read more]

tonykim

Hate to tell you you won’t find a house or unit in Goodna for <100K those days have been and gone.

Rockhampton is a possibility but from my experience and we own over 30 properties in Rocky a lot of people are buying unseen up there and falsely driving up the prices.

One of our biggest Real Estate introducers comes from Rocky and can’t…[Read more]

brahms

Maybe not common with small lot residential sales but i assure you that if the property has potential subdivision approval or can be strata titled and the vendor wants a slightly higher than normal price then an Option is the only real way to go.

We utilise Calls as an effective way of placing a property under Contract when we havent…[Read more]