This step is where you get all your legal questions on Vendor Financing answered. Tony Cordato, one of the top lawyers in Australia proficient with the legal aspects of property vendor finance, joins us to give you a clear idea of what you need to take note of.
Tony has been doing vendor financing law for more than 20 years, and he himself has also had experience with the actual process of Vendor Finance. Watch the interview with Tony below.
Timestamp
2:29 Tony explains why he believes in Vendor Financing.
3:06 Tony gives an interesting analogy of how the process is like buying a cake, slice by slice.
4:01 Why can't some people get bank loans?
5:35 Does the title of the house remain with the Wrapper or the Wrappee?
6:22 Is Vendor Finance risky?
6:47 What is an Instalment Contract and how does it work?
7:59 Six things a Wrapper needs to be aware of to be successful in Vendor Financing.
12:39 Other things to think about regarding the Wrappee.
14:28 Do all states in Australia recognise Vendor Financing?
16:35 How much is it for the legal fees?
16:49 What is a delayed settlement?
21:51 More golden nuggets of wisdom from Tony.
24:35 Tony talks about the sort of vendor finance properties he's involved in.
Step 4 - All your legal questions on Vendor Financing answered.
Thanks to Tony Cordato www.vendorfinancelawyer.com.au
Check these previous steps to property vendor finance
Step 1 - Research
Step 2 - Buying the House
Step 3 - Wrapping the House
To Your Success Paul Zalitis The Aussie Wrapper
After doing vendor financing for 30 years, I wanted to share this knowledge with you so you can start creating your own positive cash flow.
I have mentioned the Aussie Wrapper's Complete Guide several times. It’s a compilation of all my knowledge and expertise that helps you beat the negative gearing rat race and build yourself a positive income stream.
Let me tell you what you get in the Complete Guide which will help you make multiple income streams a reality through vendor financing. To purchase the complete guide, go to aussiewrapper.com.au/vip.
Here’s what you get with The Aussie Wrapper Complete Guide:
You get a Complete Guide folder with all the guidance you’ll need to build positive cashflow through Vendor Financing. This is a wealth of my knowledge and expertise collated and updated over 30 years to give a really good head start to Property Vendor Financing.
A consultation call with me to answer any questions you may have on Vendor Financing.
6 PDF courses emailed to you fortnightly.
Email support in case you have any questions on vendor financing.
Industry contacts so you can get all the support you need to wrapping a house successfully.
7 Biggest Fears DVD. All Heroes need assurance so this is a good motivational piece.
The Australian Wrap report which gives you the insights, tips and tricks to Vendor Financing.
I want you to create your positive cash flow and wealth and at the same time help others who get rejected by the banks to own a home. It’s a win-win situation.
Go to aussiewrapper.com.au/vip for the Complete Guide. I’m here to help you create wealth, so jump on.
About Paul Zalitis, the Aussie Wrapper
What I’ve been doing is helping mates create positive cash flow and helping them achieve their dreams of owning property and building their finances through Property Vendor Financing.
Subscribe to our YouTube channel to learn more about Property Vendor Financing - https://www.youtube.com/@paulzalitis