GerrardParticipant@gerrardJoin Date: 2005Post Count: 11
Hi there every, just wondering if any one know about using options as a way to move on and move up? I'd be very interested in hearing back from the forum.
All the best,
Gerrard.Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,018
What do you want to know.
Most experienced property investors have used Call Options in their developing.
Hardest part is getting the Vendor to agree to accepting an option.
Rest is fairly straight forward.
Yours in FinanceducksterParticipant@ducksterJoin Date: 2004Post Count: 1,674
Do a google search on dr house property as he has a seminar that informs on what can be done with options.Paul DobsonParticipant@pauldobsonJoin Date: 2003Post Count: 1,196
The two main reasons for using a call option in real estate are:
1. to control some property while you get a Development Application done and
2. to control property that you intend to occupy or on-sell to others with some form of vendor finance.
We work in the second area and if you'd like to learn about real estate vendor finance in Australia, I suggest you do a search for Vendor Finance here and in the Somersoft forum. You'll get an immense amount of reading material in both these forums.
A few web resources that may help in your search for information about vendor finance are:
http://www.vendorfinance.asn.au/ The Vendor Finance Association of Australia
Cheers, PaulGerrardParticipant@gerrardJoin Date: 2005Post Count: 11
OMG. Thank you to all those that have posted a reply here. I'm going to keep myself rather busy here going over what has been sent in.
Thanks again every one. I appreciate it.
Gerrard.Matt007Member@matt007Join Date: 2008Post Count: 259
You should also search on the options threads in here. Depends on how you're going to learn about them – through your own learning and research, or go down the seminar route. If you're going down the seminar route, serach thoroughly in this forum once again, read everything that's there before paying anyone any money. Also look up philip sigglekow (hope I spelt that right!) for options courses. Ive never done them or know him, but they're certainly more reasonably priced than the likes of some others.