The first part of this sounds a bit like a quasi-flip rather than a wrap. Not sure if it would work (or the legalities of this) but it sounds good.
About presenting the wrap element of the contract, might I suggest that you clearly explain the term & conditions prior to any agreements or action. Discuss these with your solicitor to ensure…[Read more]
I suggest borrowing not more that 80% to avoid mortgage insurance. Also gives you more in the property & greater cashflow.
A further consideration is whether you’re planning on using this as a buy/hold or wrap property. Either way, you’ve automatically got 20% equity in the property. You’ll own the propety sooner if you re-invest the…[Read more]
I was anticipating the RBA raising interest rates by 50 basis points, however, not to be. While the drought has had a major impact on rural economies where cash is still king, there’s not as much of this around at the moment. Rural towns are feeling the pinch & the more affected the area, the less spending.
I’ve e-mailed Brent / Steve about establishing a trading or swap element to the forum. Bit like meeting point, but where trades can occur. Didn’t want to openly advertise these, so thought I’d ask the right people first[].
Flea,
I’ve a copy of the Kiyosaki / Burley 16 tape set “Secrets of Professional Investors” that I’d like to swap for…[Read more]