Richmond
I do remember the positive story on Steve – and another one done by Today tonight on Rick Otton.
I still stand by my statement “Happy people living happy lives tends not to be the stuff of which sensational tag lines are made….” although perhaps it should be senationalist rather than sensational!
You should also note that I said “tends…[Read more]

Perhaps reality is that different solutions suit different people.
If you’re negatively geared to the max and banks won’t lend you money, positive cashflow properties are a way of improving serviceability.
If you’ve got cashflow but perhaps want the capital growth that tends to be elsewhere in order to leverage your investment dollar further, then…[Read more]

Happy people living happy lives tends not to be the stuff of which sensational tag lines are made….

Keep smiling
Felicity

Hi Fish
The VFA is working on a system of membership/accreditation, so that wrap buyers can be confident that they’re working with someone who adheres to minimum standards of good practice.
Also, a couple of times when Rick has been interview by shows that are planning to do a hatchet job, he has offered to get in touch with some of his wrap…[Read more]

yack
As Steve pointed out, anyone who registers can be tracked back through their IP address. So I hardly think he would have jumped on that post if he wasn’t positive about the person’s identity.

Keep smiling
Felicity

Terry is correct. Your solicitor asks their solicitor for an extension.
I also will ring the estate agent as a courtesy and explain what’s happening, particularly if it’s looking positive but I just don’t have a final answer. That way they can contact the vendor, and if the vendor understands that it’s just a minor hiccup, they are more like to…[Read more]

HHH
If you do a search of the forum, there are comparisions that have been posted in the past. Steve has recently released his new Wrap Kit, though, and so those comparisons may be a little out of date.
Still, it should give you some more information to think about.

Keep smiling
Felicity

Lucifer
As I said earlier, this is a very grey area, as this type of loan facility didn’t exist when the Vic legislation was drawn up (and I don’t have a clue about other states!).
I agree, keep it simple, your loan should always be lower than the wrap buyer’s.

Keep smiling
Felicity

se7en
You’ve missed the point of Steve’s message, and I quote…
“not because you have a different opinion, but because I’ve had enough of the name calling and negativity”
There’s nothing wrong with different opionions and debating topics because we all learn from that. But it should be done in a polite spirit. I’ve seen plenty of posts on here…[Read more]

Or you could look at buying a house with vendor finance, with the intention of refinancing on to a bank as soon as you can.

Keep smiling
Felicity

I think you’ll find that Freestylers has ceased operations, hence the closure of the website.

Keep smiling
Felicity

Hi Lozza
I’m blushing!
Regarding the IO thing, it’s a very grey area, and legal opinions vary. When the applicable legislation was written there was no such thing as an IO loan, so therefore it’s not mentioned – so it’s not illegal.
However the spirit of the legislation tends to suggest that IO loans are not smiled upon.
The legal opinion I’ve…[Read more]

Hi Darren
Good on you for having the courage to seek answers, even if they are a little outside the square.
I think you have two options here – scale down your vision of what you want, or find a bit more money each week.
At 9%, $300 week will buy you something worth a bit under $160,000. Even if you have a wrapper who is selling at market value,…[Read more]

Hi Lozza
You might also need to think about the fact that wrapping may well be a very new concept to the area you’re in. Not everybody is going to see your ad or signs and immediately ring you. Sometimes the first few wraps in an area can take a while because you need to educate people about what it is and how it can be an option for some…[Read more]

There’s also a good book on trust be N.E. Renton. Try the book shop attached to Australian Property Investor magazine, I think it’s http://www.apimagazine.com.au
If not do a search!

Keep smiling
Felicity

You may find you get more interest if you post an approximate location!

Keep smiling
Felicity

I think GST went wrong when they started making exceptions. It should have been a flat tax on everything, that would have eliminated most of the subsequent confusion and headaches for business.
Maybe up front we saved paying GST on certain items, but I think we’ve probably paid for it in the long run anyway with increased business costs being…[Read more]

Every contract I do is drawn up by my solicitor.
2 reasons for that – one is that I know every contract is legal for my state and completely up to date.
Second one is that when my buyers go to get independent legal advice, their solicitor is much happier when they see my solicitor’s name.
It doesn’t cost a lot in the bigger picture, and it’s worth…[Read more]

Originally posted by mopsyblossom:
Saw the show, was not impressed at all , in any shape or form.
First of all, wrapping alone is not sustainable & it can be risky and hardwork, that is why they are trying to cash up with seminars, his “kits” and product information was ameuterish at best. The properties that he was “upselling” or “wrapping” were…[Read more]

Quote:
Originally posted by Celivia:
Oh didn’t he say that, Felicity, I thought that after he had been to all these seminars of other gurus, that he made a conclusion out of what he learned and said something like: (Not his excact words of course but from what I remember).

“OK I have learned that the Guru’s I thought had the best strength and…[Read more]