All Topics / Help Needed! / option on block of units

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  • Profile photo of Pro investorPro investor
    Participant
    @pro-investor
    Join Date: 2003
    Post Count: 108
    March 2, 2008 - 12:02 pm

    Hi Everyone

                     I'm looking at using an option to controll a block of units which are strata tittled is it possible to put an option of 90 days on them then sell them at auction in a months time from the start of the option for a profit and collect the different if so how would it work and has anyone done this before.

    Thanks Rob

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 2, 2008 - 12:27 pm

    It is theoretically possible, but you would have to structure the option agreement so allow you to auction the property. You will not own it at this stage, but just have an option. So the owenr will need to agree with the sale

    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

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