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  • Profile photo of marnikpmarnikp
    Member
    @marnikp
    Join Date: 2004
    Post Count: 4
    October 11, 2004 - 10:41 am

    Hi Steve & Joseph

    Many thanks for taking the time to reply to an obviously tired qustion.

    This is all very new to me, never heard of ‘wraps’ & ‘flips’ until a few weeks ago. I think my wife and I have decided that this may be the way for us to go and as such was just trying gain a much info as possible before parting with cash.

    Steve, liked the first book and will buy the second.

    Once again, thanks for taking the time to reply.

    regards

    Martyn

    Profile photo of marnikpmarnikp
    Member
    @marnikp
    Join Date: 2004
    Post Count: 4
    September 4, 2004 - 9:31 am

    Hi Guys

    Thanks for your comments.

    I am not asking for someone to tell me what to do, but rather as a strategy which is the best option to use so that we can grow our property investing bsiness.

    We have no problem with downsizing if it makes good business sense to do so.

    Our aim, should we sell, woul be to use our free cash to fund deposits ie 20-30%, stamp duty etc and then borrow the rest against each individual property. This would then save us paying interest on the closing costs and reduce our intrest components.

    regards

    nikmar

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