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Hi Tony.
Why bother with a Tenancy Agreement at all? Can’t both parties sign a lease-option agreement whereby all expenses are shifted over to leasee?
Cheers,Thanks Terry.
So the FHOG gave the wrappee access to a block of cash which in turn served as a deposit. This was in all probability still less than what a usual S&P would recquire, plus the unavailability of further finance, gave the wrappee a good reason to wrap. I understand this.
However, even with the FHOG, the tenant could still have leased-up? Or would the government not allow this and only allow the Grant for an actual purchase, which is technically what the WRAP is.
To me it seems that a L/O is more of a win-win solution than a WRAP – certainly for the investor. The “try before you buy” line will not apply to a WRAP!
How does one work out a solution so as to avoid the legal entaglement of wrap walk-out?I have purchased Steve’s ‘Wrap Kit’ from a member on this forum, as Property Investing has quit selling them.
Though unsure if I will use it (I prefer Lease Options), the educational value is immense.
There is much more to the Kit than meets the eye. Many things in there are worth the price on their own. The Bonus CD with marketing ideas is also very good.
I am quite sure that Otton’s Pack is also well worth it. Whether one uses all the information or some of it – even one idea can be worth much money. However, if no ideas are put into action, well…
