All Topics / Creative Investing / Property Options – Help Needed!!

Viewing 10 posts - 1 through 10 (of 10 total)
  • Profile photo of jamjamjamjam
    Member
    @jamjam
    Join Date: 2009
    Post Count: 7

    Hi There,

    I'm new to the world of property investing and am trying to use all my spare time at the moment educating myself on possible investment strategies to use in the future. I've read Steve's book 'from 0-130 properties in 3.5 years'and realise that whatever strategy you use should be tailored for the tenants/sellers particular circumstances and you need to create a win-win situation for all.

    what i'm trying to do now is to find out what possible different investing techniques there are out and have recently come across property options – in particular those advertised heavily on the internet by Mark Rolton. My questions are:

    1.   Are property options used much by the investing community?
    2.   Would you recommend me to further educate myself on the subject? If so, where else can I find more information on them?

    It seems the only person out there who uses this strategy is Mark Rolton and the Maitland mob. I have no intention of paying a large sum for a seminar or giving up 80% of the profits for all my hard earned work!!

    If anyone has anything to say on this topic I would be most grateful. I have already posted a couple of forums over the last few days and have really enjoyed comments back and ideas from other queries posted elsewhere…I can't wait to get started and get the ball rolling some time soon!!!

    Cheers Guys

    Jamie

    Profile photo of jamjamjamjam
    Member
    @jamjam
    Join Date: 2009
    Post Count: 7

    just found these guys on the web:

    http://www.lloydsoptions.com.au/page.php?page_id=21

    has anyone heard of them???

    am i right in thinking that what they do is typical of property options where you find the site and they find/fund the DA and options fees and offer you a fixed % of returns?

    gotta say property options look like a healthy return if they pull through and you can onsell for a tidy profit to a developer. i'm guessing that this whole process of finding the right property/land and getting the necessary permits for development is a lot harder than they make out.

    wondering if there is anyone in WA who does this kind of thing?

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

    An option is a simple thing. You are just entering a contract in which you have the option to purchase at a later date. It is just how you use it or structure the deal is where you can make money. This you can learn from the courses, but really there is not much to this either. bear in mind it sounds very good in theory, but will be hard to implempent.

    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 fatboy1730fatboy1730
    Member
    @fatboy1730
    Join Date: 2006
    Post Count: 15

    Just out of interest I went to the Lloyd’s site and took up the option for a free DVD on options. We’ve previously had one from Carly Crutchfield. Anyway had a call from someone at Lloyds and what ensued was a sales pitch for the system, there was a one sided discussion about when I would call back to dicuss my $9900 membership of their option group. The one way to turn me off is to try a hard pitch and not get off the phone when I say I have work to do. The second way is to explain that they rang to check me out. Was I legit? I suppose. I told the guy who called he had a suspicious mind to which he replied that this is business and that he was concerned to see that I wasn’t someone from their opposition. Options are not that big a secret, especially if my father who has been dead 20 years used them back in the 1960’s. Interestingly he quoted me the cost of an option contract as being $15,000. The Crutchfield organisation quotes about $5-10,000 if memory serves. Option contracts are not that hard to draft and precedents are available in most law libraries. I’d suggest discussion with a lawyer before embarking on the option road.what Lloyds appear to do is lift the burden of doing the legwork. It’s up to an individual to work out whether or not that is worth the fee. I’m waiting to see the DVD with genuine interest.

    Profile photo of ZaffarZaffar
    Member
    @zaffar
    Join Date: 2009
    Post Count: 4

    I Apologise:

    First of all I do apologise that I am responding to an old thread. This is the first time I have responded to these comments personally. I would like to respond to some of the concerns or comments made about me that I have read on this forum.

     Options are not new:

    I 100% agree Options are not new in Australia. The most commonly used is the Put and Call Option, where you have an obligation to settle the property. My specialty lies in the Call Option Deed, where you have a flexibility of not having to settle the property.

     

    I believe this is an excellent way to buy properties. This will give you huge leverage, and you can do this business from the comfort of your home.

     Zaffar Iqubal Khan and Science of Property Options about Getting help from Solicitors to learn about property options:

    I do agree that you can go to the solicitors and learn how the Call Option Deed is written, but solicitors cannot advise you how to put deals together, how to negotiate, how to do the due diligence, how to do the feasibilities and how to do the objection-handling.  I have had more than 1300 face to face meetings with vendors and I admit not all of them were successful but you can imagine how much I learnt from these meetings. One small example of this is that 99% of Vendors did not understand the traditional Call Option Deed written by a solicitor, which was anywhere between 30 to 50 pages in length, only a law professor will understand. I personally advised 36 different solicitors in amending the traditional call option deed. I successfully amended the Call Option Deed to one single page and in plain English for all Vendors to understand. In most cases they don’t run it by their solicitors, even though I advise them to get legal advice. Everything is in black and white and they know what kind of arrangements they are doing. No confusion or misunderstanding.

     

    Zaffar Iqubal Khan and Science of Property Options Have never charged $30,000.00 Seminar Fee:

    This is not true. I have never advertised or charged anyone $30,000.00. This is misrepresentation and I challenge anyone to show me proof of this.

      Zaffar Iqubal Khan & Neil Jenman:

    I have no hard feelings against Neil Jenman or any other people who have called me dodgy in the past. The unfortunate thing is that Neil Jenman has never met me or attended one of my seminars.

     

    My full name is Zaffar Iqubal Khan. I am married with 3 beautiful daughters. I have bought many properties under option in the last few years and this is a fact and not a dodgy claim. My 2 day Coaching Seminar is about buying properties under option and I am willing to share with anyone willing to learn.

      

    Zaffar Iqubal Khan & Science of Property Options Open Invitation to Neil Jenman:

    This is an open invitation to Neil Jenman or anyone else who wishes to challenge my integrity. I am more than happy to meet in front of the cameras or at anyone’s place of business. In addition, I welcome you to my office or as my guest for lunch or dinner on my expense.

     

    You can also call or email me with any objection, questions or criticism you have. I will be more than happy to reply. My direct contact details are as follows:

     

    Mob: 0400 162 163

    Email: [email protected]

    Web: http://www.sop.com.au

    Fax: (07) 3711 7585

    Address: Level 7, 320 Adelaide Street Brisbane Qld 4000

     Zaffar Iqubal Khan Has Never Been Bankrupted Twice: I Offer Anyone $100,000.00 To Prove That Zaffar Iqubal Khan Has Been Bankrupted Twice:

    The Department of Consumer Protection of Western Australia have corrected their statement to “Zaffar Iqubal Khan has “NOT” been bankrupted twice”. I am more than happy to show this document that shows the correction made by the Western Australian Department of Consumer Protection.

    Zaffar Iqubal Khan has never been banned to be a company Director in Australia or in any other country:

    I have never been banned to be a company director in Australia or in any other country.

    To find out whether someone is banned to be a company director. It is very simple 3 step procedure to follow and it is free to find out:

     

    1. Go to http://www.search.asic.gov.au

    2. Click on Banned and Disqualified Persons and companies

    3. Write name or the company and click and you will find the fact immediately

     

    Stealing Money:

    How can anyone accuse me of stealing money without any proof. By defaming someone for no reason can ruin people’s life. Do you think it is fare to ruin someone’s life when he has done nothing wrong and is innocent?

     

    In my 2 day Coaching Seminar I always say openly that you will get 100% of your money back without giving any reason, if you are not satisfied by the end of the first day of my seminar. I am 100% confident that everyone will get the full value of their money by attending the first day of my seminar.  

      

    Zaffar Iqubal Khan & Science of Property Options Seminar Attendees Are From All Walks of Life:

    I am proud of the fact that my seminar attendees are from all walks of life, e.g., barristers and lawyers, property investors, property developers, real estate agents, financial advisers, accountants, taxi drivers, average mums and dads even including Mark Rolton.

     

    Zaffar Iqubal Khan Is The Property Options Specialist:

    I have proven that I am one of the best in my field. I have bought millions of dollars worth of properties under option, and so have my students. My Coaching does not include only my two day seminar. My real teaching starts after the seminar with my mentoring to help as much as I can to all my seminar attendees, which benefits me and them.

     

    I am not here to just defend myself but also to assist anyone of you who needs my assistance. I will be available on this blog at least once a week.

     

    Zaffar Iqubal Khan Day and Night Research (Trial and Errors):

    Through my trial and errors I have developed a business-model that works. It is a 5 step system that is easy to remember and understand.

     

    In addition, I have created software that takes you through these 5 steps. One of the steps is creating the one page Call Option Deed, which is completely legal and in plain English with a push of a button. The software does everything from helping you to source the land to closing the deal. Go to my website http://www.sop.com.au and see the testimonials for yourself.

     

    For anyone that has read this thread and interested, I am willing to offer them a special price (50% discount) for my 2 Day Coaching Seminar. All you have to do is call me directly on 0400 162 163 or Email: [email protected].

    In conclusion I am offering my help to all of you, who are willing to learn about options and answer all of your questions. Please feel free to give me a call at any time on the above phone number or email address. I am holding a seminar in Brisbane tomorrow night 19 March  6:00pm registration, for 6:30pm start, at the Bardon Conference Centre, 390 Simpsons Road, Bardon. For everyone interstate please check the website: http://www.sop.com.au for all other dates. You can reserve your seat on the website. I am looking forward to hearing from you all.

    Profile photo of roltzyroltzy
    Member
    @roltzy
    Join Date: 2009
    Post Count: 1

    I would like to advise that I have never attended one of Zaffar Iqubal Khan's seminars as stated by him.  This is a false claim made by him and after contacting him to remove his comment, he advised he was unable to do so.

    Mark Rolton

    Zaffar wrote:
    I Apologise:

    First of all I do apologise that I am responding to an old thread. This is the first time I have responded to these comments personally. I would like to respond to some of the concerns or comments made about me that I have read on this forum.

     Options are not new:

    I 100% agree Options are not new in Australia. The most commonly used is the Put and Call Option, where you have an obligation to settle the property. My specialty lies in the Call Option Deed, where you have a flexibility of not having to settle the property.

     

    I believe this is an excellent way to buy properties. This will give you huge leverage, and you can do this business from the comfort of your home.

     Zaffar Iqubal Khan and Science of Property Options about Getting help from Solicitors to learn about property options:

    I do agree that you can go to the solicitors and learn how the Call Option Deed is written, but solicitors cannot advise you how to put deals together, how to negotiate, how to do the due diligence, how to do the feasibilities and how to do the objection-handling.  I have had more than 1300 face to face meetings with vendors and I admit not all of them were successful but you can imagine how much I learnt from these meetings. One small example of this is that 99% of Vendors did not understand the traditional Call Option Deed written by a solicitor, which was anywhere between 30 to 50 pages in length, only a law professor will understand. I personally advised 36 different solicitors in amending the traditional call option deed. I successfully amended the Call Option Deed to one single page and in plain English for all Vendors to understand. In most cases they don’t run it by their solicitors, even though I advise them to get legal advice. Everything is in black and white and they know what kind of arrangements they are doing. No confusion or misunderstanding.

     

    Zaffar Iqubal Khan and Science of Property Options Have never charged $30,000.00 Seminar Fee:

    This is not true. I have never advertised or charged anyone $30,000.00. This is misrepresentation and I challenge anyone to show me proof of this.

      Zaffar Iqubal Khan & Neil Jenman:

    I have no hard feelings against Neil Jenman or any other people who have called me dodgy in the past. The unfortunate thing is that Neil Jenman has never met me or attended one of my seminars.

     

    My full name is Zaffar Iqubal Khan. I am married with 3 beautiful daughters. I have bought many properties under option in the last few years and this is a fact and not a dodgy claim. My 2 day Coaching Seminar is about buying properties under option and I am willing to share with anyone willing to learn.

      

    Zaffar Iqubal Khan & Science of Property Options Open Invitation to Neil Jenman:

    This is an open invitation to Neil Jenman or anyone else who wishes to challenge my integrity. I am more than happy to meet in front of the cameras or at anyone’s place of business. In addition, I welcome you to my office or as my guest for lunch or dinner on my expense.

     

    You can also call or email me with any objection, questions or criticism you have. I will be more than happy to reply. My direct contact details are as follows:

     

    Mob: 0400 162 163

    Email: [email protected]

    Web: http://www.sop.com.au

    Fax: (07) 3711 7585

    Address: Level 7, 320 Adelaide Street Brisbane Qld 4000

     Zaffar Iqubal Khan Has Never Been Bankrupted Twice: I Offer Anyone $100,000.00 To Prove That Zaffar Iqubal Khan Has Been Bankrupted Twice:

    The Department of Consumer Protection of Western Australia have corrected their statement to “Zaffar Iqubal Khan has “NOT” been bankrupted twice”. I am more than happy to show this document that shows the correction made by the Western Australian Department of Consumer Protection.

     

    Zaffar Iqubal Khan has never been banned to be a company Director in Australia or in any other country:

    I have never been banned to be a company director in Australia or in any other country.

    To find out whether someone is banned to be a company director. It is very simple 3 step procedure to follow and it is free to find out:

     

    1. Go to http://www.search.asic.gov.au

    2. Click on Banned and Disqualified Persons and companies

    3. Write name or the company and click and you will find the fact immediately

     

    Stealing Money:

    How can anyone accuse me of stealing money without any proof. By defaming someone for no reason can ruin people’s life. Do you think it is fare to ruin someone’s life when he has done nothing wrong and is innocent?

     

    In my 2 day Coaching Seminar I always say openly that you will get 100% of your money back without giving any reason, if you are not satisfied by the end of the first day of my seminar. I am 100% confident that everyone will get the full value of their money by attending the first day of my seminar.  

      

    Zaffar Iqubal Khan & Science of Property Options Seminar Attendees Are From All Walks of Life:

    I am proud of the fact that my seminar attendees are from all walks of life, e.g., barristers and lawyers, property investors, property developers, real estate agents, financial advisers, accountants, taxi drivers, average mums and dads even including Mark Rolton.

     

    Zaffar Iqubal Khan Is The Property Options Specialist:

    I have proven that I am one of the best in my field. I have bought millions of dollars worth of properties under option, and so have my students. My Coaching does not include only my two day seminar. My real teaching starts after the seminar with my mentoring to help as much as I can to all my seminar attendees, which benefits me and them.

     

    I am not here to just defend myself but also to assist anyone of you who needs my assistance. I will be available on this blog at least once a week.

     

    Zaffar Iqubal Khan Day and Night Research (Trial and Errors):

    Through my trial and errors I have developed a business-model that works. It is a 5 step system that is easy to remember and understand.

     

    In addition, I have created software that takes you through these 5 steps. One of the steps is creating the one page Call Option Deed, which is completely legal and in plain English with a push of a button. The software does everything from helping you to source the land to closing the deal. Go to my website http://www.sop.com.au and see the testimonials for yourself.

     

    For anyone that has read this thread and interested, I am willing to offer them a special price (50% discount) for my 2 Day Coaching Seminar. All you have to do is call me directly on 0400 162 163 or Email: [email protected].

    In conclusion I am offering my help to all of you, who are willing to learn about options and answer all of your questions. Please feel free to give me a call at any time on the above phone number or email address. I am holding a seminar in Brisbane tomorrow night 19 March  6:00pm registration, for 6:30pm start, at the Bardon Conference Centre, 390 Simpsons Road, Bardon. For everyone interstate please check the website: http://www.sop.com.au for all other dates. You can reserve your seat on the website. I am looking forward to hearing from you all.

    Profile photo of karen.karen.
    Member
    @karen.
    Join Date: 2009
    Post Count: 196

    and so the plot thickens

    Profile photo of MovementAJMovementAJ
    Member
    @movementaj
    Join Date: 2007
    Post Count: 6

    My advice is to keep your money in your pocket and don't expect to become an expert just because you are forking out thousands of dollars to these spruikers.

    Profile photo of reals007reals007
    Member
    @reals007
    Join Date: 2009
    Post Count: 1

    I suggest you don't waste your money. You should save your money for your future because its very important and you needs it. If you want to buy home then wait for some time. Best of luck.

    Profile photo of judithscottjudithscott
    Member
    @judithscott
    Join Date: 2009
    Post Count: 13

    I would like to say reals suggestion is much appreciate.

Viewing 10 posts - 1 through 10 (of 10 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.