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My understanding is that if you are supplying credit you may need a license. This would include installment contracts and exclude lease options.

If only I had kept that one... Must be worth $300,000 now and I paid about $100,000 or $120,000.

I did a number of VF deals years ago - more than 10 years now. One of my tenants was able to purchase a $200,000 property from me for $140,000 because of rapid capital growth. I made about $20,000 and he made $80,000

The book is How to buy a house for a dollar : the proven way to build a property portfolio from scratch using none of your own money Author: Rick Otton; Jade Barclay Publisher: Bondi Junction, N.S.W. : We Buy Houses, 2011...

It will no doubt involve options. Doubt you will find a vendor willing to sell you an option for $1 too easily. BTW, I seen Rick Otten has a book out on this topic.