I believe it actually closed down for personal reasons.

Keep smiling
Felicity

Hi Marketmad
I can’t comment on the information etc as I don’t know much about it.
However to describe their marketing approach as high pressure is an extreme understatement. It took me 15 minutes to get the caller off the phone, and quite frankly I don’t believe I ever requested information in the first place. [angry2]

Keep smiling
Felicity

Leigh
In Australia you can use Interchange http://www.interchange-timeshare.com.au and there is no membership fee. You still pay a fee to exchange.
I’ve actually found them heaps better than RCI for Australian exchanges. They’re based in Qld.

Keep smiling
Felicity

Hi Westan
We’ve had a timeshare week for many years, and have thoroughly enjoyed all the places we’ve stayed with it. Initially we did some international resorts and interstate, but more recently with small kids we’ve done all the resorts within driving distance.
Nowadays it doesn’t suit us, mainly because we’ve done all the close by ones, and…[Read more]

Hi Wallflower
Good for you! I did all that you did and more.
I wonder whether I’d have had more success if I’d actually seen them EARLIER. BEFORE I had the first tax return with big purchasing expenses…
In the end, they were impressed with me, my presentation, my business numbers etc etc but they just couldn’t get past the tax…[Read more]

Jeff
Gimmicky marketing seems to be the rage with far too many seminar presenters these day!
Personally I make sure that any chance I get I listen to Rick talk, his ability to take a set of circumstances and turn them into a deal that makes everyone happy never ceases to amaze me.
I also like the way his techniques apply to any price house in any…[Read more]

Scott
I fully agree – it’s all about how you present yourself.
But then again, you can only present the facts in so many ways, without bending the truth.
As I said, I know that your bank was keen to have my business, until they sat down with me and realised that although I have a strong cashflow wraps business, there are other factors they weren’t…[Read more]

NAB are one of the “greediest” banks when it comes to holding enough security to cover their backsides. They are also incredibly inflexible on this.
Your only option is to speak to someone else at the bank if you’ve drawn a blank with your own personal lender.
The problem with cross collateralising, brahms, is that if you want to sell off one…[Read more]

Scott
Well, they might love you, but I certainly haven’t found that the case – even after your bank were the ones who wanted to talk to me!
I don’t say that to criticise, but just to point out that finance being “easy” may be true for you, but not for everyone.
I have certainly never found it particularly easy.
However if I had masses of…[Read more]

St George might be a possibility, they self insure, but I don’t like your chances of getting 95%!
I haven’t really found anything reasonable above 80% in the lo doc market with no LMI.
Even at 80% a lot of them charge higher entry fees, some stiff “early repayment” fees and a higher interest rate.

Keep smiling
Felicity

Hi Todd
Look at lo doc / no doc and asset lends.
I suggest talking to a broker experienced in those types of loans.

Keep smiling
Felicity

I haven’t wrapped a house in that price range myself, but I know Rick Otton always says that at that level you need to use a lease option rather than an instalment contract. Apparently it’s just more appealing.
Also, things are a bit quiet here in Melbourne, being winter and with so much negative press on property, it could be that you’re…[Read more]

Oops!
I must have spelled the name wrong last time, I didn’t get any results. [blush2]
This time I did, thanks!

Keep smiling
Felicity

Looks like your question to me has been answered kay!
Naturally this is not suitable for all vendors, but it can be done. I had one guy (an investor) who was cashing up prior to the boom ending, and he wanted to know why nobody had ever offered to buy a house like this before. He figured he more than paid off his mortgage, plus he got his extra…[Read more]

Hi lifex
Terms varied, but usually there was a 2nd mortgage involved, and mostly I paid around bank rates in interest.

Keep smiling
Felicity

Well, I don’t know why you don’t think it sounds like a wrap Greg – it sounds exactly like a lease option with a few conditions. They usually get lumped under the wrap umbrella.
Celivia – the name of Victor Ollis rings a bell, care to elaborate?

Keep smiling
Felicity

I only borrow lo docs nowadays MA, and I didn’t find any willing to do it!
I have found vendors willing to leave money in the deal though.

Keep smiling
Felicity

It can be done.
Having said that, there are lenders who, as soon as they see details of vendor finance on the contract, will refuse to do it.
This is particularly the case with lo doc loans. So make sure your lender is happy to do them before proceeding.

Keep smiling
Felicity

If it looks like a rose and smells like a rose – it is a rose.
If it’s the crowd I’m thinking of, they have a long winded attack on “wrappers” and declare that’s not what they do.
Believe it or not.
You can achieve similar results with more control doing a JV with a wrapper.

Keep smiling
Felicity

By the way, I just thought I’d add that I don’t mind answering questions, I do it frequently! But sometimes it’s nice to talk about other things.

Keep smiling
Felicity