All Topics / Creative Investing / Do you do Wraps?…. I need one !

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  • Profile photo of sokossokos
    Member
    @sokos
    Join Date: 2005
    Post Count: 8
    August 15, 2005 - 4:12 am

    Hi,
    I’m putting out some feelers for someone who is into doing Wraps.
    I have a property located and secured – for the time being.
    Should my finance options not pan out, I would be most interested in hearing from any Wrappers out there who may be interested.
    Contract price is $100k, Cat 2 location.
    Responses need to be pretty quick, needless to say!

    Cheers

    js

    Profile photo of lifeXlifeX
    Member
    @lifex
    Join Date: 2004
    Post Count: 651
    August 15, 2005 - 1:37 pm

    try the vendor finance association website., if you can get through, you may find wrappers ready to help.

    Live, Learn and Grow

    Lifexperience

    Profile photo of gafamagafama
    Member
    @gafama
    Join Date: 2004
    Post Count: 118
    August 17, 2005 - 12:49 am

    Contact me by email. Have some wrappers who might be interested.

    Megan

    Megan

    http://www.propertyhub.net
    Your Investing and Developing Information Hub.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    August 17, 2005 - 9:46 am

    JS

    The problem i see and you and I have discussed the deal off line is that:

    1) If i was wrapping it i would want 20-25% mark up on the property which defeats the object of your exercise.
    2) I wouldnt take a wrappee who couldn’t proove his income.

    All in all 95% lodoc doesnt sound that bad at all.

    Cheers Richard
    [email protected]
    http://www.yourstatefinance.com

    IP funding and US property finance
    our speciality

    Richard Taylor | Australia's leading private lender

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