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The Commissioner for Consumer Protection (WA) has requested that the following clarifications be conveyed to our Western Australian customers:

A) In order to become the owner of real estate, the purchase price for the property ultimately must be paid;

B) This system does not enable you to become the owner of a house for $1 - you can only purchase an option for $1. This system may provide you with an initial step towards owning real estate.

C) The making of instalment payments can be seen by banks as a sign of credit worthiness for future lending, but it is not the only factor considered. You may not necessarily satisfy a bank's lending requirements just by pointing to payments of instalments over time as proof of creditworthiness.

D) It may be unlawful in Western Australia to effect transactions of real estate between other people without holding a real estate agent's licence under the Real Estate and Business Agents Act 1978 (WA). You should obtain legal advice relevant to your circumstances before operating a rent-to-buy business in Western Australia.










 

10,000 Real Estate Agents Forced To Leave Job’s Due To All-Time Low Sales!

Posted on June 6th, 2011 by


April sales volume fell nationally by 21% as compared to same month in last year. More than 10,000 real estate agents decided to quit their profession due to low sales volume and falling commissions for last few years. The property …

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Investment Tips For Your Next Property! [Video]

Posted on February 10th, 2011 by

Fast Property Training members have recently had access to this exclusive webinar where I discuss the Australian floods and how it will affect their next property investment. In this webinar you will discover: How this great national disaster will have …

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How Will The Australian Floods Affect Your Property Investment?

Posted on January 19th, 2011 by

The devastating floods in Queensland continue to bring heartache to thousands of people as the true extent of the loss of life and property is revealed. It has also led those involved in property investing to re-evaluate their purchase suitability …

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Rent To Own Recognised By The Banks!

Posted on January 11th, 2011 by

Many restrictions have led to the banks offering alternatives when applying for a mortgage! St George is the first bank to nationally announce that they will accept evidence of a minimum of 12 months continuous, satisfactory rental history and the …

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What You Need To Know About Property Syndicates!

Posted on December 23rd, 2010 by

Property Syndication Groups, which have been around for many years are attracting attention again. As a property educator and investor with 20 years experience in the United States, Australia and United Kingdom, I have found property syndicate investors often are …

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The Truth About Buying Property In The United States!

Posted on December 8th, 2010 by

I’ve been buying property in the United States for over 20 years. I started buying real estate over there in the late 1980’s when the Savings and Loan debacle hit America. A time when the banking system failed in the …

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The Block proves a bank-buster for Nine!

Posted on December 2nd, 2010 by

Very interesting! I know we have all heard of the channel 9 TV show “The Block”. This article I have just been reading shows that the units for the Channel 9 television series which are located in Vaucluse were actually …

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Selling Houses Fast

Posted on November 25th, 2010 by

Here’s another audio snippet that we are working on in Fast Property Training, would love your feedback on this. Remember if you make your house easy to buy, it will surely be easy to sell! Would love to hear your …

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