Recent content by Katalyst

Inner City Lease Options Hi Mark Read your post with interest. I also work with "lease-to-buy" options. Am about to embark on the inner city suburbs also. I have been working the surf coast area to date and now extending to the Bayside and Port Phillip areas. Marketing to the young...

Answer for Kev Kev Hi There There are a few ways to make a profit. It really depends on which way the Lease Option agreement is structured. I don't have 50:50 profit partnerships. The vendor will usually have a range of $200 - $500 net profit per month per property that is Kataylized...

Mike The loan is never assumed. I suppose I have used incorrect language when stating the "investor takes over". I can source an investor to purchase the property as per a normal sale (not assuming the loan). Or I can purchase the property. I am never the landlord unless I have bought...

Getting sleepy Mike I can't sleep - its too bloody hot here tonight! And my typing is getting worse and worsesdv.dkb dksdjksdhs... . :D Andrew

Mike's Wrap Explanation Hi Mike Thanks for the explanation. Are you based in Australia or the UK? I'm amazed that anyone else would be up this late - 3:55 am Cheers, Andrew :)

RE: Philco Hi Lesley What a great story! I was whooping and cheering for you as I read your account. When I was Lending Manager with a "Big Four" bank I sadly came across others that went down the same track as yourself. There were times I shook my head as they told what they had...

Wrap with a Lease Option Hi Mike Can you please explain a Wrap with a Lease Option. It sounds similar to what I am doing but I believe the strategy I use with Lease Options may well be very different. I am just learning about wraps myself. I have seen the term Wrap with a Lease Option...

Re: Lease option Mike Hi again. The Lease option agreement used in the Katalyst system doesn't require a changing of the title on the deed at a later date. A caveat is placed on the title deed until the Buyer Tenant exercises their Option to buy or they walk away from the deal - which...

Mike's Answer Hi Mike Thanks for the information. You certainly have a lot of expereince with different country's lending codes it would appear. At least enough to keep you alert. Curious? Did you find this out through trial and error? You have prompted me to make a few...

Lease option Hi Roger Feel free to pick my brain. "How does a caveat work?" - You go to your solicitor and pay him to place one on the title of the property. In victoria this will cost approx $80. Not sure of the cost in ACT. A caveat means that if the property is sold then you are...

Lease Options Hi Rogerp I was interested in your post re: Lease Option arrangement you are considering. One way to protect your interests is take out a Caveat on the property. The Lease should refer to the Option which gives you exclusive rights to buy the property. You mentioned that...

Lease Option finance Hi Mike Was interested in your comments about the "Due on Sale" clause which seems to frustrate Wrappers. Like Lesley, I would like to understand this a little more in the Australian context. Re: Lease Options - the same is not necessarily true in Australia! This...

FP's & Mortgage Brokers Any quality of advice whether it be Fp's or Mortgage Brokers comes from experience and a commitment to their own personal development in their craft. Quality advisors WILL provide quality disclosure. ALL FP's are supposed to hand over what is called an ASG...

Developers Finance Hi Gasa I was interested to know more about your funding arrangements. Would you be able to private message me with your contact details? Many thanks, Andrew:D

Lease Options Information Just wanted to add that I visited the site www.positivecashflow.com.au and found no information on Lease Options without handing over $400+ dollars. Is there a section I missed and you could point me too? Cheers, Andrew:)