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  1. Lofty

    Inaugural Brisbane FBAA Vendor Finance Meeting

    Hi All The Queensland Inaugural meeting for the Vendor Finance arm of the FBAA will be held on the 30th of April. We were lucky enough to get the registration link early but not early enough, half the seats have already sold. If you are in Queensland I would suggest you book in early as this...
  2. Lofty

    FBAA Vendor Finance Meeting Dates

    Don?t miss this exciting opportunity to network with Vendor Finance Professionals in a truly inclusive, community atmosphere. The Finance Brokers Association of Australia (FBAA) and its Vendor Finance Steering Committee would like to announce its Vendor Finance Meeting dates for the...
  3. Lofty

    Consumer Protection Western Australia

    Yesterday the Consumer Protection WA issued a press release regarding Rick Otton. In the interest of hearing both sides: - The WA Consumer Protection press release is at; CLICK HERE, and - Rick Otton's press release is at; CLICK HERE Cheers, Paul
  4. Lofty

    PriceFinder Group

    We've been trialing PriceFinder over the last couple of weeks and like it a lot. As a result we've joined a group that allows us access to all States, except Tassie, for $35 per month. We were in a group that cost us $100 per month for NSW data only! I make nothing out of the group so, if...
  5. Lofty

    Deposit Builder - a new vendor finance strategy

    It's not often that a new vendor finance technique crops up but it has and here is some information about it. The new technique is called the Deposit Builder. In short, it's made up of a standard Contract of Sale for the State the property is in, along with: - in NSW, VIC and WA a...
  6. Lofty

    elbourne Vendor Finance Association meeting

    Hi All The next meeting of the Vendor Finance Association in Melbourne is this Thursday evening (7/3/2012). Meeting details are: Matthew Flinders Hotel 667 Warrigal Rd Chadstone, VIC, 3148 Meeting commences at 7:15pm. See you there. Cheers, Paul
  7. Lofty

    Insurance - A New Twist

    At the last Sydney Vendor Finance Association meeting we heard a cautionary tale regarding an 'interesting' interaction between building insurance and contents insurance, It's a bit of a long story, so here's the link to the post on the VFI blog: Click Here. Cheers, Paul
  8. Lofty

    Newcastle Vendor Finance Association Meeting

    Hi All Just a quick reminder that the next Newcastle meeting of the Vendor Finance Association is on this Thursday evening (29/11/12). Here are the details: Wests Mayfield 32 Industrial Drive (Cnr William St), Newcastle Meeting commences at 7:15pm. Cheers, Paul
  9. Lofty

    Sydney Vendor Finance Association Meeting

    Hi All Just a quick reminder that the next Sydney meeting of the Vendor Finance Association is on this Thursday evening (22/11/12). Here are the details: Ryde Eastwood Leagues Club. Denistone Room 117 Ryedale road, West Ryde Meeting commences at 7:15pm. Cheers, Paul
  10. Lofty

    New Brisbane Vendor Finance Association meeting

    The Vendor Finance Association has asked me to help promote the first Brisbane Vendor Finance Association (VFA) meeting. Following is the message from the Committee of Management announcing the new Branch: 'Dear Members and Friends of the Vendor Finance Association of Australia, The...
  11. Lofty

    Already Sold with Vendor Finance

    Hi All I thought I'd post this property here as it's different from the norm. It's a 4 x 2 x 2 that was sold with a vendor finance Instalment Contract (IC) in October 2009. The underlying investors (vendor) needs to exit the transaction and is offering the property for sale with the IC in...
  12. Lofty

    Vendor Finance and Licensing

    If you've been following the Innovative Techniques Forum for awhile you'll have noticed I've been encouraging vendor financiers to get properly licensed for more than two years now. A recent judgment in the WA Supreme Court has been talked about on this forum before and resulted in yesterday's...
  13. Lofty

    Selling a poorly performing IP with Vendor Finance

    Hi In the recent past I've noticed a increase in the number of people 'having a go' at selling a poorly performing IP with vendor finance. There are some important compliance issues involved in this process, so I've started a newsletter to help cover these issues. It's called N2P News...
  14. Lofty

    WA Book Keeper

    Hi All Could someone please give me a recommendation for a book keeper, preferably experienced with property investing book keeping (of course). My friend lives near Bunbury but he'll travel to find a good one. Thanks. Cheers, Paul
  15. Lofty

    Age of Borrowers

    Hi All Since the inception of the new National Credit Code, specifically it's Responsible Lending provisions, you may have noticed traditional lenders knocking back applications from applicants with a bit of maturity about them ;-) This obviously caused an impressive reaction, as today...
  16. Lofty

    Australian Credit Licence Training for Vendor Financiers

    Hi The following could be ruled as an ad. If it is, so be it but I know there are a lot of Vendor Financiers out there worried about the requirement to get an Australian Credit Licence (ACL). Vendor Finance Institute Pty Ltd is about to commence a series of Vendor Finance ACL courses in...
  17. Lofty

    Australian Credit Licence - Registration Assistance for Vendor Financiers

    Hi All With 30 June drawing near, it's essential for all real estate Vendor Financiers, to Register for the new Australian Credit Licence (ACL) by 30 June 2010 and preferably before 18 June 2010. This Registration is required for all Vendor Financiers who will be in the business of...
  18. Lofty

    First Gold Coast meeting of the Vendor Finance Association of Australia

    Hi All The first Gold Coast meeting of the VFA has been scheduled. Details are: Date: Thursday 27th May Time: 7pm Venue: Downstairs Meeting Room Club Talle (Tallebudgera Surf Life Saving Club) Address: 1505 Gold Coast Highway, North Palm Beach (Corner...
  19. Lofty

    Vendor Financier's Guide to new National Credit Act

    Hi All If you have any interest in real estate vendor finance, I'd suggest you read Tony Cordato's, "A Vendor Financier’s Guide to the new National Credit Act". It can be found on the Vendor Finance Association's website at: http://www.vendorfinance.asn.au/UCCC.pdf Cheers, Paul
  20. Lofty

    Post regarding the new Australian Credit Licence

    Hi All If you are involved in vendor financing, providing any consumer loans, including mortgages and many other activities, it may be well worth your while learning about the new Australian Credit Licence. The relevant post is in the Finance sub-forum. Cheers, Paul
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