Forum Replies Created
No Felicity, you dont need to keep the keys. If they default, a crowbar is sufficient! Seriously, you cannot legally enter the house when you feel like it, even if they miss a payment. Dont even think about it. Give them all the keys.
Shaan, why is it illegal to get a credit report if the person has given written permission to have it sent to me?
$1300!!!Get the person to pay $19.95 and have it sent to you in 24 hours or for free in 2 weeks.Fergus, if you can get 90%, milk it for as much as you can, thats my advice. Insure the house yourself, dont let the wrappee do it and overinsure rather than under insure. If you buy a house for 50k, insure for 100k, because if it burns to the ground, all you will be able to afford is a granny flat! If the wrappee is interested, get some sort of holding deposit ($500) and the balance when you exchange contracts with them. Hope this helps.
I agree with Steve, Traralgon is the best bet for newbie wrappers out there. You will at least find a wrappee who has a job there! Take my advice, if you want a descent wrappee there (or anywhere for that matter), get some hurt money from them.
Yes David, exactly as you said it, plus buying well helps.
On the news tonight an extra 2% was mentioned as an increase. It was also stated that property investors would be the hardest hit. Their could be some bargains soon from investors who are heavily – geared.
I can highly recommend Greg Levett on (02)8753 1188.
As to the higher interest rate Watto, I dont find this a hard sell at all. To someone who cant qualify for 4.99, this is a blessing. I sell my wraps on the basis that I can get most people qualified for bank finance in 3 years tops. I’m not interested in carrying it for 25 years and I tell my wrappees this. 9.25 is only for a short time for them and its the easiest product I’ve ever had to sell. Yes, GE is exactly aware with what I do, however to get this in writing in a contract is another matter! Actually GE main concern with me was that I was competition to them!!! True. And another thing, in 2 years since I did my first wrap, I have had not one call from my banker/lender complimenting me on paying my loan on time!No one cares what I do, but its horses for courses. I sleep at night. Cheers
Felicity, I’ve tried numerous adds, with different headings and have found that the simple phrase “Bank said No”, gets the phone really ringing.
Peter. I see positive cash flow properties all the time. To many good deals to do myself. Provided you are prepared to buy regionals. Unit, houses, small blocks of flats, they are everywhere.
Edited by – [email protected] on 30/05/2002 01:25:24 AM
I have bought 4 houses using this GE product and found it to be excellent. That is if you are prepared to pay a higher interest rate though. They will do 90% LVR in melbourne and large regionals. 85% for melton, traralgon, horsham. 70% for moe/morwell/corio/norlane. Suprisingly, there are no hidden extras and it is quiet cheap finance eg add on fees, solicitors etc. Service is excellent.
