Anythings possible. It’s just a case of finding the right situation.
This is an alternate strategy that opens doors for all. It allows the people to stay in ‘their’ own home, mitigating relocation costs & provides a win win outcome.
There’s also an opportunity to pick up the remainder of their mortgage (can’t immediately recall what…[Read more]
1) Why do you want to get involved in wraps?
2) If it’s just a vehicle for making money, are wraps the most viable mechanism for doing this?
3) What other options have you considered?
3) Do you have a plan?
5) Do you have a strategy?
Most of the educational material is not cheap & you need to…[Read more]
Interesting that you mentioned the Kiyosaki & DeRoos websites re money partners. They’re also e-mailing the information, baiting prospective investors, then linking them to their website for further info.
Ulimately, these may be good deals, but difficult to research (ie, international companies & property) & do the normal due…[Read more]
Your uncle was well ahead of his time. In most families of that era (mine included), money was not openly discussed. Good for him & I trust that you’ve learned his lesson well…
Good to hear also of a quick reality check: I took your uncle 28 years to build his portfolio to where it is today & enable him to retire. There was nothing…[Read more]
In the Dec/Jan edition of Property Investment mag, there was an interview with the a group called the “Renovation Kings” (also a ACA). One of the examples (& I assume that it’s also one of their specialities) was to subdivide a property. Interestingly, in their experience, when a property is subdivided, rarely does the value of the…[Read more]
I’ve wanted to do the same thing for quite some time. However, I understand the lender’s perspective (well illustrated by Elvis above) & know that this is just not viable at the moment.
However, it’s good to have goals. My aim is to be in a cashflow +ve position THEN do buy / reno / sell’s.
By my calculation, I can do this – without…[Read more]
Someone will correct me on this I’m sure, but are you referring to the ‘gift’ part as a way of offsetting capital gains?
Otherwise, its pretty simple. You own the property until the last payment is made. Given that when wrap commenced, there was an agreed sale price all that needs to be done is to deduct any principle made by the…[Read more]
Just thought to relate an interesting scenario to this – especially regarding rental return. Not sure where you’re located, but I’ll use Melbourne as a good example of what guaranteed rentals means.
Early one evening take a drive past the recently completed app’t developments on the Yarra / Docklands district. Remembering that most…[Read more]
The program’s $49.95 & shipping was around the $12 mark. Arrived within 2 days (& I don’t work for them, just found there service to be good & priced well)[].
Having read thru this & most of the forum related info, I’ve notice that belladonna has exposed a real hole, to which you’ve replied & that is that we need to have clearly defined goals.
In the wrap pack, you state that Dave Bradley & yourself have your goal framed on the office wall & use this as an evaluation tool (“Is doing this deal…[Read more]
Any advancement on this. I personally HATE tape – so much so that I don’t have a tape recorder in my house []. The only way that I can listen to these is out in the shed, or as I’ve done in the past, reformat to .wav & burn back up discs.
How viable is a userpays download facility (in MP3 format similar to other parts of this…[Read more]
It’s difficult to guage whether this a GREAT deal, or just a good deal when comparing it to other properties around the area. It’s the old adage of ‘worst house in the best street’…
While there some minor structure problems requiring a bit of work, most are fairly cosmetic – eg, removal of…[Read more]