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sounds great, +1 for me as well thanks :)

With no disrespect to all of the real estate agents on this forum, but they can smell the potential sale because you pretty much told them "I would buy this property at any price" when you said I want to secure the purchase a day after. It's also their job to tell you that "there are many...

The rest of the world would love to have such recession.

Thank you everyone for such a lovely time last night :) I already look forward to the next gathering! Cheers, D.

I'd be interested, Is this thread still relevant though?

Thanks Paul, Lots to take in which is great. I look forward to meeting you on Thursday. Cheers, Daniel.

Thanks Paul for the useful insights, much appreciated. :)

Hi all, I hope someone with a bit more experience in VF would be able to share their wisdom with me. I have been researching quite thoroughly about wrapping / vendor financing / rent-to-own / instalments contract, and the one thing I cannot grasp is how would a feasibility model look like...

I'd say the rewiring is a fair price, they have to replace all of the existing and rewire to current australian standards. While rewiring, just check with your Electrician as to whether he would have to upgrade the power coming into the dwelling (I'm assuming currently being single phase)...

Hi all, It might just be me, but I love MS Excel. I think it's brilliant and I pretty much use it every day for everything. Again that's just my opinion ;)

Thanks for the insight Terry, regarding Q.2, I actually phoned Rick's office and they explained it a bit better, essentially after 1-2 years after the deal is done, you can offer the buyer to add value to the property and refinance in order to "buy me out" and own the property. Regarding...

Thanks Paul, I appreciate all the info, I even signed up on some of the websites you posted and will be attending a VFA meeting. By the looks of it, it's really not rocket science, you just need to get your due diligence right on the property you will be 'wrapping', then find the right buyer...

Thanks for sharing Jane!

Hi Warrali, Presuming that would include removal of existing? sounds like a good price.

Hi TMNT, regarding the copper pipe, it depends on the size, gauge and diameter of the pipe as copper pipes tend to be quite pricey. Rewiring - What's the sqm of the house? single storey? do you know if it's single phase or 3 phase? underground or overhead powerlines?... As a rough guide...

How different? By the sounds of it, it sounds like a good positive cashflow vehicle

Sounds like it's got its many pros and cons. So why do you still own the risk if I may ask? Did your lawyer set it up this way as a form of security showing your vested interest in the business until its fully paid off? Thanks Beachside, We see eye to eye. It is also not my first Rick...

Thanks Darryl, Funnily enough, all the attendees received Rick Otton's book at the seminar, and I just noted that in the Acknowledgements section, he has acknowledged Anthony Cordato, i.e. Cordato Partners :P which is his lawyer. Also on the link you just posted on the bottom of the page he...

Thanks RPI. Sounds rare :(

Oh, I see. Thanks Aaron. So basically not many would be familiar with these strategies?