Sorry, one more point in the article make me pee my pants laughing….

SINGAPORE – where 80% of property is government owned and subsidised….. prices have dropped and no one is buying or selling unless they have to….

Financing is strictly controlled…..

Another case of some very dubious journalism…..

Sorry….

no offence to ANYONE here, but the article is sensationalist Bullpoo……

China & Hong Kong for example :

China – Housing is CHEAP in MOST areas…. only in places like Shanghai and Beijing that housing is on the rise.. but not all of it….. Guangzhou is still reasonably priced….

Hong Kong – You gotta be kidding….. The…[Read more]

Terry,

If I think you are talking about a big wrapper I think you are, it wasn’t because the bank didn’t like wraps… it was because the bank was not “happy” with how he operates….. ( and that was direct from the bank…. )

It’s all about presentation, and, LIFEX, you are going about it the right way…..

GOOD LUCK !!!!

Jan 7th….

VODKA for me !!!

GO MARK GO !!!!

FINALLY a top class drive in a real team……

Mark MORE than deserves this…. he has worked damn hard over the years…..

Did anyone see the horifying pic of him in his Mercedes sports cars at Le Mans……

I’m telling you this guy has BIG…. did I mention B I G balls……

LifeX

Stamp duty for the wrappee is payable at time of actual settlement… i.e. they pay off the loan / re-finance….

$5k..eligbility – Sure is !!

Cheers

Scott

Justin,

A LOT depends on the country in question…… Places like Thailand, Philippines & Singapore heavily restrict what a “foreigner” can or cant buy…..

There is also restricted availability of finance in some cases ( Singapore )

ALSO – The actual cost of a house…. is in some places a LOT higher…….

Which countries were you…[Read more]

Tristan,

I’d suggest you do a search on this forum…. this subject has been discussed many times at length…

Cheers

Scott

Hey sweety (JO ! ) Your back !!

lots of new faces here, and life seems to be back to normal…..

Cheers

Scott

As someone once said, I’m not educated, but a positive is always better than a negative !!!!

Ok – now for the serious comment…

I’d say it depends on what your goal is…..

Making a 300k profit is nice, but that isn’t going to happen everytime….

Some people buy properties for the CASHFLOW… and that is something that lasts as long as the…[Read more]

Hi GP,

I’d suggest you get the kiddo to look at the MIAA website… http://www.miaa.com.au there is a compulsory course to take on there if he/she wants to become a broker, followed by a course in mortgage lending which is done through the TAFEs….

Maybe a good place to start……

Cheers

Wallflower,

Don’t you mean Papa Pelican ??? hehehehe….. Pelican Boy was not involved in that one !!!!!

The One major lesson learnt which was not in Rick Otton’s pack was on the finance… in fact we learnt some of it from Dolf DeRoos…. How to successfully present to a bank…..

PRESENTATION.. – Even at wrap #1…….. If you are going…[Read more]

yes, but putting all your eggs in one basket ???

your risks are then also concentrated……

I’ll bid $175 for 1 of the books…..

Hello there…..

I guess it could be possible, but would depend on the Wrappers contract with the wrappee…… if they allowed that….

Nothing to stop them if it was not specifically mentioned in writing…..

Sounds like a FANTASTIC IDEA !!! As long as :

1) you have the funds to do it….
2) demand for rentals is strong in your area…..

you may want to see what the banks will do, as for a development project some will lend you 80%…….

Felicity,

It’s also about HOW you present yourself to the bank…..

As far as the re-financing or turnover of property goes, we wouldn’t know… we have yet to have a re-finance, but , yes, I’m sure it will make life easier…..

Hi Matt,

OK… anyway, as I said, just a thought…

As renters they should be liable for the rent until you find another tenant…. ( but I guess you will need to check tenancy laws…. )

Suggest you start advertising !!!

Cheers

Scott

What abour wrapping the house to them ?? Do they like the house ??? It’s an option…. will also increase your return……

Just a thought…

Greg,

Please check yr PM inbox…. have sent you some info on finance…..

We deal direct with the banks, FULLY DISCLOSED….. and they love us…..

Cheers

Scott