All Topics / Creative Investing / wrapping without the work

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  • Profile photo of pekaypekay
    Member
    @pekay
    Join Date: 2004
    Post Count: 2

    has anyone heard of positive cashflow solutions p/l? They are offering 15-30% returns on wrap
    deals where you don’t have to do any work. Seems like they’ve got the deals and do all the work (which is good for those who have never done wraps before). All you do is come up with cash
    and can expect 15-30% returns

    Profile photo of lifeXlifeX
    Member
    @lifex
    Join Date: 2004
    Post Count: 651

    pekay, Sounds interesting, do you know who gets the property title (them or you as the investor).

    What other info do you have on them?


    Live, Learn and Grow

    Lifexperience

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    You probably have to get the loans in your name, hence wearing all the risk. These returns are not very high for leverage returns.

    Terryw
    Discover Home Loans
    Mortgage Broker
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of shortbutsharpshortbutsharp
    Member
    @shortbutsharp
    Join Date: 2004
    Post Count: 4

    how much cash are they asking for??

    Keep Happy

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

    We know Rick & we buy houses reasonably well, and are an old referee for his wrap kit…..

    My question to you, which you should ask of ANYONE is……

    How is your money secured ?? Yes the returns are high, as, effectively he is using your cash for deposit funds I assume….. So, you are effectively providing an unsecured loan……. Or are they expecting you to fund the entire purchase through a loan of your own…..???

    Rick is a big player, so, probably all goes well, but you SHOULD think about YOUR security ALWAYS…..

    Cheers

    Scott

    You may know the cost of everything…. but what about the value ????

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

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