All Topics / The Treasure Chest / Flips in NSW

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of EllbournEllbourn
    Member
    @ellbourn
    Join Date: 2003
    Post Count: 1
    May 21, 2003 - 11:39 am

    Hi

    I am a Newbie to property investment and like many Newbie’s I am low on cash.[8]

    Flips seem like the ideal way to raise the required capital for cash flow deals. A friend of mine has advised me though, that the method John Burley descibes of assigning the contracts to another is illegal in NSW.

    I need some help on this. Any advise will be greatly appreciated.

    Gary [:)]

    Profile photo of MathewMathew
    Participant
    @matymathew
    Join Date: 2003
    Post Count: 41
    May 22, 2003 - 8:14 am

    I was under the impression you could assign to anyone by doing the and/or nominee as long as you paid the stamp duty on the purchase you intended to make. Can anyone comment?

    Cheers,

    Mathew.

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘Flips in NSW’ is closed to new replies.