Hi All
I am settling on a unit next month and am wanting to turn it into a +ve geared property so that I can move onto my next one. My best option for doing this I feel is to put a “rent to buy” option on it.
Is there anyone out there who has successfully implemented a lease option and has gone through advertising it, having real estate like signs outside the buldings etc.
Any help is much appreciated.
Cheers
EnuffIsEnuff
I’ve done some lease options, but let a real estate agent do all that for me.
In the end, I beleive that they way I did it (just like the examples in Steve’s books) was not worth it. For only a very small return I ended up giving away too much to the option holder.
If you are going to lease option, then i suggest you go for a short option term of maybe 2 years. You don’t want these dragging on much longer than that, and if you do a short term one, you could negotiate another option fee and a higher strike price if they wanted to go ahead.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Thanks Terry.
You just confirmed my thoughts on l/os. I am considering of only setting it up for 3 years.
Cheers
Marcelo
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