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  • Profile photo of milkmanjrmilkmanjr
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    @milkmanjr
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    April 2, 2004 - 5:38 am

    Steve Mc,
    Just out of interest,
    Have you seen or rea any of the other ‘Wrap Packs’ on the market? Rick O, Jamie Mc etc

    J

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    April 2, 2004 - 5:25 am

    This is one I got for April Fools,

    Catch the worm, very easy to play.

    http://file.sugarqube.com/Cards/jblo_TheWormGame.swf?PL=L400x300

    J

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    April 2, 2004 - 5:24 am

    Scott,
    How do people react when they see how much you make when dealing with them? Or are they more concerned with the end result, owning their home.
    Do you have a standard ‘mark up’ or does that change with each deal?
    I think there is a bigger market now for wraps because affordability is lower than before. Less people are able to secure traditional finance becasue of the deposit required, so starting now, albiet at a higher cost, is better than not starting at all.

    J

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    April 2, 2004 - 5:16 am

    Maybe one of the moderators (read SIS) should check to see if PoorDad and Chan$ have been logged on at the same time?
    Is that possible?

    J

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    April 1, 2004 - 9:49 pm

    Scott,
    I spose its the same old story, the few dodgy operators ruining it for the rest.
    I have looked at your site and it looks and sounds very professional.

    I have noticed that some of the anti wrappers (such as Rebecca) don’t even think that legit operators should be wrapping, that it is still taking avantage of people.

    Is your strategy more for long term cahsflow (ala Steve McKnight) or for quick payout and refinancing (ala Rick Otton)? Or a mixture of both depending on the wants and abilities of your clients?

    J

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    April 1, 2004 - 1:05 pm

    Try these:

    http://yupislyr.com/drewmike/prankcalls.html

    http://www.btinternet.com/~pir8/arnie/

    The first one is the better I think from memory.

    Enjoy

    J

    Profile photo of milkmanjrmilkmanjr
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    April 1, 2004 - 1:03 pm

    Just think of your kids every time you light up.
    Think of what you’re really doing.
    I’ve never understood smoking.
    If someone could outline its benefits I would be very interested.

    J

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    April 1, 2004 - 12:59 pm

    Hi Michael,
    So there wouldn’t be any problem for people who are fair and genuine, looking for win-win outcome?
    Looking throught the archived posts I read that by November 2004 wraps would be illegal in all states.
    I took it with a grain of salt, but would also like to know if it had any credit before jumping in.

    J

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    April 1, 2004 - 12:51 pm

    The 11 sec rule isn’t the only way.
    I was only ever used to act as a filter when searching numerous properties.
    With the dwindling number of properties that fit the 11 sec rule, yhere is a greater need to become a bit more creative, and/or set up better networks within the real estate business.

    J

    Profile photo of milkmanjrmilkmanjr
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    April 1, 2004 - 12:46 pm

    I have thought of this before, but the ecurity of the asset is the concern. Because the car or boat depreciates instead of appreciating, if the wrapee was to default, you would be left with debt.
    If the wrapee defaults with a house, you are left with an asset that can be re wrapped.
    With a car, if there was substantial damage done, it can cost more to repair than it is worth.
    The other consideration is that it is ‘generally’ easier to obtain finance for a relatively small loan such as a car or boat compared to getting a mortgage.

    J

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    April 1, 2004 - 12:41 pm

    All in favour of NET raise you hand!!

    I would say its the $1000

    J

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    April 1, 2004 - 12:28 pm

    Steve,
    He means that he would’t go near it, wouldn’t consider using it, wouldn’t pay for it.
    Each to their own.

    J

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    April 1, 2004 - 3:06 am

    kathryngene,
    What area are we talking about?

    J

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    April 1, 2004 - 3:00 am

    Roosterman,
    Propert investing is such a diverse area that you need to know what your goals are.
    Do you want to go with residential or commercial or both? What strategy are you mostlikely to use, ie wrap, flip, buy and hold, +ve CF, -ve gearing etc.
    How many propertieas do you want to own?
    How many can you afford to own?
    My advice would be to think about these things and to immerse yourself with readng. This forum has many great threads, especially in the archived areas. There is also a recommended reading thread in there, a book review thread, which is a great starting point for finding appropriate literature to read.

    Hope this helps.

    J

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    April 1, 2004 - 2:54 am

    Yack and Gately,
    Whatever the market you can still find bargains. If you were to buy a property at 10-20% under market value, you could wrap it at market value. That way you get your money and the wrapee is getting fair priced housing and the ability to own it.
    Not saying that you can do this every day, but they will come around every so often.

    J

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    April 1, 2004 - 1:37 am

    Most of these types of properties are either in industrial or business areas. The council’s decision may take into consideration the size and number of starage sheds also.

    J

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    April 1, 2004 - 1:30 am

    SIS,
    There is another website where they prank people with the Arnie quotes. I’ll try and find it for you.

    J

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    April 1, 2004 - 1:28 am

    I have trouble enough remembering one user/pass, let alone numerous clones and back and forth converations!!

    J

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    March 30, 2004 - 8:23 am

    I would rent it out, especially if you could get a tennant on a month to month lease.
    You may consider changing agents for selling your house.
    Remember that you house is only worth what someone is willing to pay for it.

    J

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    March 30, 2004 - 8:13 am

    [biggrin][biggrin][biggrin][biggrin][biggrin]

Viewing 20 posts - 41 through 60 (of 122 total)
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