Thanks Fms, yea i've been to the page on acis website. just wasn't to sure if i had to be in a company or not

hi QLD, I've been wanting to get into second mortgage carry back deals where i could buy and then on sell so the person coming into the house doesn't need the deposit.

my main question was really did i have to be in a company to get the credit license.

I'm not trying to finance the hole property to someone.

and your question to how many i could…[Read more]

Interesting read, I couldn't access the rick ottton's one.

Hi guys, thanks for the replies.

ok so in that case i'd have my dad on the title i might be a caveat on the title. my idea is just to make low ball offers and then when i get a offer accepted to act quickly.

any tips on how i can do this with finance to make the "getting a loan" process faster? this is first time investing in property / buying a…[Read more]

whys that?

i see, cause my orginal idea was to go buy houses by baby sitting a loan strategy so i wouldn't need to pay stamp duty or a deposit. then rent it out as a buy and hold and just keep doing that. 

would you say it's more of a short term strategy then?

Cheers, Tom

Hi Terry,

with baby sitting a loan, could i do this as a buy and hold stategy? also what are the disadvantages for the vendor by letting me do this with their loan?

hmm i see thanks guys!

Hi Paul,

I'm quite new to property investing and was wanting to know what is the difference between RP data, Pricefinder an APM?

do they all do the same thing?

Thanks, Tom

thanks lefty! curious as to how much does it cost yearly?

Even if anyone can just tell me in their opinion what the differences are?

Hi Qld,

I'm aware you need a license, and i mean on selling using it. even if you just tell me in your opinion what the pros and cons are of the both? thanks.

Cheers, Tom

Hi Qld, 

Well i live in queensland if it makes a difference, but basically my goals are to buy and hold and buy and use vendor finance strategies.

but i'm extremely new at investing and i'm not sure what to look for in both of them. so i thought i'd create a post and ask more experienced investors.

I would also like to hear from anyone who has done Dominique Grubisa's 3 day boot camp on buying distressed properties,

as atm i'm deciding between buying rick ottons course or dominiques grubisa's course

Cheers, Elives

Thanks Qlds007 !

what is the difference in closing costs from A ppor / ip?

also my boss said that PPOR you don't have to pay stamp duty on it and that its only on IP that you do.
i think he doesn't know what he's talking about but thought i'd ask just to be safe.
and are their any discounts from buying an PPOR rather then a IP?

thanks Paul!

Hi Paul,

ahh kk thanks Paul. btw have you done the rick otton course? / whats your opinion of him?

and could you claim the interest paid on the loan?

or no cause you name wouldn't actually be on the loan?

Hi Paul,

Maybe i have the wrong information just to clarify you wouldn't have the beneficial ownership of the property? 

and yes you'd just be paying over the persons loan so it would still be in their name.

but could you change the loan say it was principal and interest to a interest only loan?