realestateedu.com.auMember@realestateedu.com.auJoin Date: 2009Post Count: 84
yep must agree Mel is the best in Sydney and Vic I believe his legal agreements r very tight … regards Philip SigglekowWhaleman7Participant@whaleman7Join Date: 2010Post Count: 17Newbie_InvestorMember@newbie_investorJoin Date: 2009Post Count: 7
Thanks for the advice guys,
Paul – Thanks for the contact. I've added Tony Cordato to the list of solicitors i intend to call over the next few days.
Graeme – Thanks for Mel's number. You mentioned that you have some experience with options for property in Sydney. Hypothetically speaking, if i went into an options contract with an owner of a property and the owner dies would i still have buying rights to that property? (i know this is a question that i should ask a solicitor but i just wanted to see if anyone here would know)
SamMatt007Member@matt007Join Date: 2008Post Count: 259
Sam – that is one loaded and potentially dangerous question as it brings into play Will and Testament and if the person dies intestate and so on. If the will deems the property to someone else, it may null and void any option document, or at very least put it into question with relatives etc. Definitely one for a solicitor to answer, it could be far too complex to answer with any accuracy here.
Contracts entered into by a person who later dies would still be valid – the executor or trustee of the state would be bound by them. Generally.Graeme FreerParticipant@freerenterpriseJoin Date: 2008Post Count: 47Newbie_InvestorMember@newbie_investorJoin Date: 2009Post Count: 7
I spoke to Mel from home and housed and he seems to really know his stuff. Sounds like a nice guy as well. Will be setting up a meeting with him soon but before i do i'm waiting on the delivery of the book "Principles of Land Contracts and Options in Australia" by C Rossiter. Fingers crossed it should come in today and will give me some answers to the questions i have.
I did have another question off the topic. Does anyone here use RPData? My partner met up with one of their sales reps on Friday and wasn't convinced that the price they charge is worth the service they provide. I found a huge amount of data for a property we were researching using Google for free. The only thing i couldn't find that RPData offers is the contact details of the owner of the house. Anyone here know where i could source this information from without having to go door knocking?
SamGraeme FreerParticipant@freerenterpriseJoin Date: 2008Post Count: 47RevStuMember@revstuJoin Date: 2011Post Count: 1
Awesome…thnx Paulyp for sharing your common sense in regards spending 5k on self growth <Moderator: delete abuse>
Paulyp]Hi,with all due respect, I don't understand the mindset of some people, many of us go and get a car loan for $30000, personal loans for plasma t.v's or other things that depreciate in value but when it comes to parting with $5k for the knowledge that a course such as Massland's or any other for that matter can give a person, sorry but this boggles me. If anyone knows of any books out there on property options PLEASE let me know. Options are a specialized area where there aren't many decent books that gives Australians the A-Z in this field. Therefore to excel in this particular field you need to put in the hard yards both financially and mentally, but in the end it will be worth it. Are we expecting pay $5k just sit back, take a holiday and wait for the cash to roll in? With this mindset most of us will be in the rat race the rest of our lives!
Anyway thats my 2c worth.
I have a few books on options.
Andrew Grey; lease option handbook
Rossiter; Principles of Land Contracts and Options in Australia
Farrands, Donald: The Law of Options and Other Pre-emptive Rights
I have another one called, I think, The Laws of Options in Australia, which I can't find.
These are expensive books, but a hell of a lot cheaper than a seminar.Gordie1080Member@gordie1080Join Date: 2011Post Count: 23
Are seminars really worth going to? Regarding property investing?? We are considering it but it seens that a lot of people hosting these seminars like the sound of their own voice and not helping us out? Let me know if you think its worth my time to go. Thanksstiddy809636Member@stiddy809636Join Date: 2003Post Count: 1
This is my first comment and I must firstly say what a valuable thread this has been + I love reading some good banter!
I went to seminar a couple of weekend in Sydney featuring Mark Rolten and couldn't believe the amount of people that went running to the tables after to hand over their cash without doing one bit of due diligence.
The information that he provided during the seminar and the contacts I've got from reading this thread has been enough info to get started anyway.
So since the seminar I've actually gone out and found myself a property, were the owners are interested in signing an option for 18 months, which will allow me enough time to get the DA through. <moderator: delete advertising>Personal Leadership DevelopmentMember@personal-leadership-developmentJoin Date: 2011Post Count: 16
MR. FAIR GO, PLEASE EXCUSE THE CAPS….YOU MENTIONED YOU PUT AN OFFER IN FOR A SIX MONTH OPTION PERIOD AND DURING THE PERIOD YOU WILL PERFORM RENOVATIONS…WHAT HAPPENS AFTER THE PERIOD IS UP, YOU JUST HAND OVER YOUR PROPERTY BACK TO THE VENDOR WITH THE RENOS THAT YOU PAID FOR? WHAT SORT OF OPTION DID YOU USE, A CALL OPTION OR A PUT AND CALL?JamesSampsonMember@jamessampsonJoin Date: 2010Post Count: 54
I'd rather get a library card, read these forums and take a 5k holiday
lol well said!MrFairGoMember@mrfairgoJoin Date: 1969Post Count: 93Personal Leadership Development wrote:MR. FAIR GO, PLEASE EXCUSE THE CAPS….YOU MENTIONED YOU PUT AN OFFER …?
Hello Personal Leader
Happy to answer your questions, but I can't find my own post that you are asking about!
Please show me where the post is that you are referring to – we have done a lot and I need to refresh myself on what deal this was about.
Mr Fair Gowakeboard_spiceMember@wakeboard_spiceJoin Date: 2007Post Count: 2Sash wrote:Ok,
Ill look into these things, ask questions.
Will let you know.
Thanks alot for the advice. Im still going to make options work cos I have all the information I need + the 3 day seminar. As for further dealings and credibility, there is more to find out.
If you are still active on here, can you shed some light a year on, whether Mark Rolton's seminar/JV options have been beneficial and worked for you.
I'm interested to hear if Massland have changed over the last year or 2 as this thread started 3 years ago.wakeboard_spiceMember@wakeboard_spiceJoin Date: 2007Post Count: 2realestateedu.com.au wrote:Hi shmikka, The 2 property options lawyers I personally use are: Peter Kumnick at k2Law in QLD & Mel Ciampa from homeandhoused in Sydney. Please mention my name. Both Peter & Mel have contributed 8 legal option contracts into my "Property Options 101" on line training system on my education web site http://www.realestateedu.com.au My students also have access to my tax experts and financial advisors + finance experts. We charge $499.00 for the 2 manuals of 731 pages of content (DIY) … then we do a personal one on one 12 month coaching service for $2,997.00 (manuals included) Money does not make you rich, the process of making making makes you rich, good luck. Kindest regards Philip Sigglekow LREA author
Do you still offer the 2 Property Options 101 manuals for $499? From your website I can only find a whole package including 12 months of coaching for $6,450 (where as above it was stated it was available separatley). Is this the only way to purchase the option manuals now?
ThanksHuntero1Member@huntero1Join Date: 2011Post Count: 1
OMG…. I am completely stressed about this Mark Rolton seminar i have just signed up for. After reading these comments I really want my money refunded, I can least afford to lose this amount of money.
I see a few here have managed to get a refund, would you be so kind as to advise how you went about it and how I should manage this uncomfortable position I now find my self in..
Fingers crossed you can helpForeverStudentMember@foreverstudentJoin Date: 2009Post Count: 41Huntero1 wrote:OMG…. I am completely stressed about this Mark Rolton seminar i have just signed up for. After reading these comments I really want my money refunded, I can least afford to lose this amount of money. I see a few here have managed to get a refund, would you be so kind as to advise how you went about it and how I should manage this uncomfortable position I now find my self in.. Fingers crossed you can help
Just give them a ring and say you don't want to go anymore and ask for a refund. There should be a refund policy somewhere. Of course they will try and talk you out of cancelling but be strong, you can do it.
I wish this thread exist back in 2007 and read it before I went to the seminar. It'll make you feel good and think that it's easy until reality hits and sinks in. Yes, it's possible to get somebody to agree to an option as I did, but realising the deal is the hard part specially if you don't have a team/contact of specialist/professionals like town planners, surveyors, civil contractors, builders, financiers,etc backing you up.
Did I pick up anything from the seminar? Well yes, but it's not worth $5k! Also, from speaking to a few property lawyers, you don't really need options that a conditional contract can't do (providing it's a good deal) and less messy.
I am currently doing an introductory law course as part of a uni program where I have access to instructors that can answer property related (including options) matters where it cost nowhere near $5k. This forum is also a good source of information. Good luck.
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