Hi Mahnovetsky,

I know someone who has had nothing but good experiences with them. They have acquired a number of properties over a few years and have seen their equity increase in size. They are very happy and continue to purchase.

I visited the Jenman spruikers page and what they say about John Fitzgerald is incorrect. The quote “I will…[Read more]

Hi Paul,

As a new wrapper I am interested in understanding what those costly mistakes are. Could you please summarise them for me and for anyone else who is interested so we don’t fall into the same traps.

Kind Regards
James[suave2]

Thanks Paul & Xenia,

My reasons are definately cash flow based which will increase my ability to service existing mortgages as well as helping someone invest in property who wouldn’t otherwise be able to.

Cheers
James[suave2]

Thanks guys. I really appreciate it.

One last question I hope. I have heard that a special contract is required for wrap transactions which are available only from a small number of solicitors. Do you know where I can find one of these rare solicitors and could you please provide any contact details you have that you are happy to share?

I am…[Read more]

I feel uncomfortable saying how many but we have more than 6 which I mentioned in another post.

We started in 1999 and have purchased 1 and sometimes 2 most years since then. We are by no means rich but we have set a goal of purchasing 20 IP’s within 12 years. The biggest challenge for us is not the equity because values in Qld and Perth have…[Read more]

We definately can’t function with one car.

We have a Subaru Outlook 2003 and a Mitsubishi Magna 1999. Nothing too posh.

Unless you are rolling in it I believe that one needs to use as much of their extra cash for more important things such as keeping a rainy day account (for emergencies), taking the family on holidays and of course purchasing…[Read more]

Thanks Richard.

How is it different if the purchaser brings the property to me? With the wrap I am considering in Qld the wrapee is looking for a property himself to bring to me to wrap.

Regards
James[suave2]

Hi All,

Lots of negativity in this thread so I am going to put a positive spin on things.

Going back to the 6 properties over 10 years mentioned way back, if anyone can achieve this in growth areas (within 25km of Brisbane and within 20km of Perth and other growth areas and sea change areas around the country) then they are on a good wicket.…[Read more]

Thanks everyone.

I will check out what the deal is in Qld.

Cheers
James[suave2]

Thanks Richard.

I have just spent the last few hours trawling this wonderful site and starting to get an idea of how to put together no money deals.

If I concentrate on wraps for the time being, I am under the impression that I have to get a credit licence to do this. I just read a post that someone in WA said his solicitor said you can do one…[Read more]