All Topics / Help Needed! / What percentage do a runner?
Hi all,
I want to seriously get into Wraps. Those of you who have done 20 or more, can you tell me what % of wrapees have done a runner on you? I am concerned that I would need a lot of money in reserve incase I had to meet interest payments while waiting for a tennant or another buyer.
Appreciate help.
Cheers
SeachangeI have only done 6, and only one of those did a ‘runner’ ie left in the middle of the night. It was not really a hassle though, there was a short period where I had no income coming in, but I kept the deposit, kept the property which had grown 20% in value and I got a court order saying the tenant still owed me money. I chased him briefly, but decided to let it go in the end as I was not out of pocket.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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