Mate, it’s long gone

Mate it is. I just sent you an email.Cheers, Emil

Hey

Andrew hey,Thanks for clarifying (and refreshing the thread ). While it is true that it concentrates on lease options and sandwich leases, there is a section on wraps in there. Also, the recommended layers do know how to draw up an agreement for a wrap.Cheers, Emil

Ok then,I'll give you a call tomorrow

Hi Richard,It's in Sunnybank Hills, QLD. Why?Cheers,Emil

Hi Rob,Sorry but what is ge? Is that a lender? Do they have a website or something?Cheers,Emil

Hey thanks for the reply

Short & to the point  Thanks,Emil

Hi Paul,Thank you so much for your interest

Thanks Richard,I just sent you an e-mail.Cheers,Emil

Thanks Richard,Helpful as always

Aha, let me see if I get that right:So I go to my current lender and ask him for a (new and separate) account for my trust which is to serve as an offset account against the existing loan for my PPOR? Does the trust account need to be something special (like business, money management or whatever else they call it)?Thanks,Emil

Hi Guys,Let me clarify, I use Suncorp for my daily stuff (salary & co). I won't be using them as my lender, my MB is currently taking care of finding me the right lender.What I inquired about is an account for my business needs i.e. the wrapee pays into it and I pay my loans out of it. I have a trust now and every prop I wrap will be in that…[Read more]

Hi Beck,Both ideas sound interesting. Could I trouble you to explain some more? (or alternatively point me to a reliable source of information)Thanks,Emil

Hey Terry,Thanks for the comprehensive answer. I was suspecting it would be something like that.Cheers,Emil

Hm, I hadn't though of that. I thought there would be a way with me being her husband and earning he higher salary. Is there no way? If not then we _have_ to create a trust to be able to distribute the income.What are your thoughts?Cheers,Emil

Thanks Richard

Hey Guys,I asked my MB. He won't be disclosing the fact that we're doing a wrap. In fact he said "If you know any bank that would lend for wraps, let me know". So as far as the banks are concerned, I'm going to rent out the property. That is a pity because I'll reach sericeability limits. I hope to have enough deposit then to do low docs. I guess…[Read more]

So it's the size (of the portfolio) that matters most?I guess what I'm asking is at which point the bank turns around and starts asking you if you want to borrow some more…Cheers,Emil