Posted May 9, 2007
Hi all,
I have heard Steve's Wrapping CD's and sounds very good, however it was material from 2003.
In the material there was talk of $ 60k houses and slightly more expensive ones, now we are in 2007 4 years on, I am wondering how viable is wrapping a property now, considering intrest rates are higher, the prices of properties are significantly higher.
What price range property is still viable for wrapping, considering the affordability is proportional to the client quality and ability to maintain the payments.Any comments, experiences, pointers
Thanks
Les
Les
Wrapping is certainly just as viable in the right areas.
This day and age you need to adapt the contracts for the right times.We use License to Occupy contracts in Qld now with balloon payments at the end of the 21 year term in order to reduce the monthly repayments. Works similar to a motor vehicle purchase.
Also a combination of shared equity works well.
Richard Taylor | Australia's leading private lender
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