All Topics / Creative Investing / Any wraps in Frankston?
Hello! Is there anyone out there that has or would do a wrap in the Frankston area??
I have someone in Mt Isa that is a keen property investor. Are you looking to purchase? If so, why do people look for Wraps when they can go find a property themselves… especially if they know where they want to buy.
I think I have misunderstood your question or the Wrapping concept altogether.
Cheers,
Jacob.‘Stay Happy and you’ll be Perfectly Fine’ – Jack
Hi Jacob
I think Misty’s question was is there anyone out there doing wraps in Frankston.
Obviously from the response I guess not.
Out of all of the properties we own under wrap we have never purchased a property first and then tried to wrap it. If you let the wrappee choose the property then you end up buying something that they actually wanted to live in
People get into wrapping for a variety of reasons but usually the most compelling reason is the additional cash flow.
Wrappee’s enter an installment contract normally because they can’t obtain traditional style finance. A wrap can be the leg up they require to obtain a start in the property market.
Cheers Richard
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I have actually had a few positive replies via personal message,one of which I hope to set up a wrap with,so there are willing “wrappers” out there,in case anyone sees this “lack of response” & is disheartened if they were thinking of doing the same.And yes,there are all sorts of reasons people would find wraps a great idea.
So,thanks to all responses.
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