Hi Leonie,

To answer one of your questions. Your 19 year old could qualify for the FHOG by the sounds of it. We have done some wraps for people in a similar situation to you. The issue being that the property would essentially be hers. Sometimes this causes problems, sometimes not.

There are a lot of QLD wrappers around so I’m sure someone will…[Read more]

If you are a foreign citizen check out http://www.firb.gov.au.

If you are an Aussie living overseas no restriction of course but banks like more deposit I have found when I was O/S.

Try a search on this forum for “Reno Kings” and see if anyting turns up. I tried it but the function seems down at present.

Anyway, also try ducking over to the Jan Somers forum (jansomers.com.au) and search there too. Lots and lots of stuff on the Reno Kings.

Cheers.

Yeah David, keep it up. You are about the same age as my kids and its refreshing to see a young bloke taking steps to secure his future.

I don’t post here much because, as you have found, its easy for people to misinterpret your intentions. If you have to think of the many possible ways people can interpret your words then you will sit at the…[Read more]

Kay, there will always be distressed sales. It’s a fact of life and I feel sorry for people who find themselves in this situation through no fault of their own.

I don’t feel too sorry for those who make foolish investment decisions because they didn’t bother to do their homework. In my post it’s clear these are the people I was referring to. If…[Read more]

Do you mean Joyes Place? I can’t seem to find Joyces Av.

Wagga is one of the main areas I invest in and have for a number of years now. Mostly wraps but some rentals. I’m in the town quite a bit but live in Sydney.

Its not my preferred place for rentals as the cap growth has only been good over the past couple of years. Much better value in QLD in my opinion.

For wraps it was great but the recent boom…[Read more]

Financial Freedom for Everyday Australians

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Financial Freedom through Positive Cashflow Real Estate

It is easy to get the FHOG in NSW and it is usually paid soon after the application is submitted after contract exchange.

It also helps to make sure the full contract is sent with a note to keep the contract intact. The mail openers at OSR have a habit of chucking everything after the front page into the bin. It then goes to the decision maker…[Read more]

Hi,

There was a guy at one of Steve’s Seminars who could get 100% disclosure finance. He set up a website http://www.wrapfinance.com.au.

Sadly, it looks like most lenders now shy away from wraps. Has anyone got a broker who can organise finance with 100% disclosure?

HUD= The Housing and Urban Development Department in the USA

http://www.hud.org for more info

Hi Carolynne,
I have had a look at wrapping in these towns and came across one possible snag. I could only get finance with a 50% deposit. This may not be the case here but may be worth looking into. Large deposits and purchase costs can mess the numbers up a bit.

Thanks Stephen, this does make sense.

Bob