Forum Replies Created
Thanks for the feedback everyone!
Its nice to see some of your ideas, especially how negative and positive cashflow properties can both equate to good investments if done correctly.
I think Anubus hit the nail on the head – a lot of us novices read a few books, get some knowledge, become confused when it comes time to forming a strategy, then come to the site to seek more answers. Although it’s easy to walk away with only half the story, I think it’s up to each of us to slow down, take a breath and get educated before we run out there and invest.
It’s also nice to see SIS’s comments that negatively geared properties can yield good results. After my reading, I’d almost given up on NG property as an investment. Any chance of elaborating on this SIS or is it a trade secret?
Thanks all
Fish
Hi Mel,
Thanks for the reply.
I’ll follow the thread and see whether it points towards the elusive Mr Barton.I’ve heard that he has a lease-opton book out real soon.
Cheers
Fish
Hi Paul,
Thanks for the reply.
Tried to get WealthGuardian which sounded great…but no longer available.
Seeing the Accountant today.Hope I know enough to know whether he’s switched on.
Cheers
Fish
Hi all,
Thanks to Derek and Wilandel for your feedback.
These two snippets of information may have saved me time and money which might well have been spent at the school-of-hard-knocks. Your input is invaluable and hightlights the real benefit of this forum – likeminded people sharing their knowledge all in good faith.
Thanks guys.
Fish
Although I’ve not yet performed a wrap ( or much else for that matter…yet ), my feelings are that I’d be a lot more comfortable with the knowledge that the methods and processes I was using formed part of an accredited vendor finance scheme, and that what I was doing was good, ethical and all above board.
To ensure that those VF systems in use today and on-sold by the McKnights and Ottons of this world have been scrutinized by certain ethical, moral, legal and financial guidelines to ensure they comply with the spirit of the process and that protections exist for both vendor and buyer.The VFA seems to be working with regulators to achieve these goals.
PS. I’d be surprised if steve’s pack didn’t comply with all of the above. The certification would be handy from the client’s perspective – helping to convince them that it does take into account their interests and to provide peace of mind / redress should something outside the guidelines occur.
Cheerio
Fish
Right on Scott,
I would love to do wraps to help those unable to arrange the finance to have their own home. This dream eludes too many people. And I would love to buy Steve’s Wrap Pack, but am wary of outlaying the cost because of all the hype about a scheme that has been around forever and the possibility of making it illegal, and the bad stories that air. How about us property investors, including all the guru’s out there, buy a segment of air-time on Today Tonight and interview succesful wrapees, done the ethical-legit way where Average-Joe walks off happily into the sunset…and were ‘we’ get to point out the benefits of the process.
By the way…..as if banks don’t make a profit on deals. Why not the vendor?? We’re all in this to make a buck – vendors, buyers and the like. And we’re all adults taking responsibility for our own actions….or are we.
Must go, getting emotional.
Nice day to all.Fish
