Viewing 4 posts - 21 through 24 (of 24 total)
  • Profile photo of JuliaJulia
    Member
    @julia
    Join Date: 2004
    Post Count: 217

    Please remove the green words from my post as I do not want it to look like I recommend the product it links to.

    Profile photo of kerwynkerwyn
    Member
    @kerwyn
    Join Date: 2004
    Post Count: 145

    Hi All
    I would also like someone to discuss Lease-options in detail. I don’t think they have the same stigma as wraps have and the media has not printed a lot of garbage about L/O as they have with wraps.
    Hope someone will explain.
    Kerwyn.
    [thumbsup2]

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    I agree Oldtimer, I wish I had just kept my properties instead of wrapping them. A few extra dollars in income has been obtained at the expense of large capital gains. Oh well.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    Click below to email me

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    In my opinion LOs are superior to wraps (installment contracts) in many ways including:

    – less problems with finance
    – less complicated from a tax perspective
    – less legally complicated
    – easier to vary, eg can have the strike price as a discount to the value at the time of cashout
    – tenant may be able to get rental assistance
    – etc

    The only down side i can see is the FHOG is not available to tenants until they cashout. Infact, this could be a positive, as it could mean they cash you out earlier, giving the backend profit sooner.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    Click below to email me

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 4 posts - 21 through 24 (of 24 total)

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