wraps or lease options?

Viewing 3 posts - 1 through 3 (of 3 total)

Mukta
Member
@mukta
Join Date: 2004
Post Count: 35
September 27, 2005 - 5:45 am
Can someone please explain to me the difference between wraps and lease options.
I am new an looking for a stratagy, I am thinking of buying steves wrap kit but before I do, I thought to ask you kind people if you could give me more information on lease options.
I have a basic understanding of wraps but completely confused about lease options.
Thanking You all
Kind Regards
Paula
Paula
Paul Dobson
Participant
@pauldobson
Join Date: 2003
Post Count: 1,196
September 27, 2005 - 11:13 am
Hi Paula
Have a look at:
https://www.propertyinvesting.com/strategies
Then clik on the Wraps and Lease Options links
It’s great initial information on both strategies and should give you a good grounding on how each strategy works.
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone Me
An alternative way to finance your home.
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
September 28, 2005 - 12:35 pm
A wrap is where you sell a property that you own on an installment basis. Property has been sold, but is being slowly paid off.
A lease option is where you sell a option to purchase to the tenant. Property remains yours.
Terryw
Discover Home Loans
North Sydney
[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