All Topics / Hotch Potch / Buying properties for wrapping

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  • Profile photo of rakkyrakky
    Member
    @rakky
    Join Date: 2004
    Post Count: 26

    From all that I have read, the crucial part in buying a property to wrapp is securing a discount for the property in question. Or is this not neccessarily so? However, no-one seems to be talking that much about how to achieve the discounted price. Is this a trade secret that you must pay thousands of dollars to know or does someone on this forum want to talk about it?

    Profile photo of mjakmjak
    Member
    @mjak
    Join Date: 2004
    Post Count: 3

    Rakky,
    if you bought a wrap pack all these questions and more are answered for you

    Profile photo of milkmanjrmilkmanjr
    Member
    @milkmanjr
    Join Date: 2003
    Post Count: 129

    From my limited experience, the ability to get finance that would otherwise be unavailable is the appeal.
    So it comes back to the cost to buy (vendor financed) against the cost to rent.

    J

    Profile photo of siaccisiacci
    Member
    @siacci
    Join Date: 2003
    Post Count: 53

    You pound the pavement. Get to know lots of RE Agents in your target area, look at lots and lots and lots of properties. You will find that you are then able to recognize a bargain when you see it. ( the cheapest is not always the bargain)And you will be amazed at how many good buys are actually out there. Buy it, then wrap it.

    Dave

    Profile photo of pelicanpelican
    Member
    @pelican
    Join Date: 2003
    Post Count: 454

    Rakky,

    no easy way about it… as Dave mentioned, pound the pavement as it were….

    Research your area, read the local paper, see local agents, get a feel for pricing in the area…..

    Cheers

    Scott

    Pelican Investments
    http://www.pelican-invest.com

Viewing 5 posts - 1 through 5 (of 5 total)

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