The way I did it was by checking out the newspaper classifieds under finance, or new homes. Usually the wording is something like: Low deposit, no financials, etc. Alternatively, and something I was thinking might work is to place an ad yourself seeking investor. This forum is the best place to start as most participants are familiar with how they…[Read more]
The typical profile is someone who can afford it, and don’t qualify for a bank loan, and don’t have the deposit or savings history, self-employed, etc. I’d be interested to know the demographics of how many wraps take place a which price, i.e. whether first home buyers, self-employed, salaried, and affordability, etc. I guess this sort of…[Read more]
You’d probably make more money doing a wrap. However, with a LO you’d probably set a pre-determined purchase price above your purchase price, say by 25% with a clause somewhere stating that this is reviewed when the LO holder comes to deciding whether or not to renew it, which would probably be every 12 months. I can’t imagine property…[Read more]