MA,

Agreed !!!…..

But isn’t that the same in every industry ???

Originally posted by The Mortgage Adviser:
Originally posted by Pelicaninvestments:
Sorry, but I just have to add my two cents here…..

If someone says that they believe wrapping to be unethical, then that is their right to have that view, although I would say the comment is unbalanced and maybe that is because of the slant thanks to a one sided…[Read more]

Sorry, but I just have to add my two cents here…..

ETHICS – is not about technique, it’s about a philosophy of how you conduct yourself, and, your business, be it wrapping, or any other business for that matter…..

If someone says that they believe wrapping to be unethical, then that is their right to have that view, although I would say the…[Read more]

Jo,

I’d say B, as it has the potential to :

1. Be fixed up and sold on if you chose after some value add fix ups….

2. Keep as a UNI residence, with multiple streams of income…. i.e. you rent out by the room……

House A, seems to have no room for extra value add….

though I could be wrong….. but to me B sounds like there is more…[Read more]

Frankly speaking, I no longer bother trusting most things I read in the paper nowadays…..

I have had first hand experience several years ago of fabricated stories……

How can a guy who sits in an office all day, probably surfing the net, truely comment and/or predict what is happening to the real estate market…… They never seem to get…[Read more]

Thanks for a most informative post….

Our Friend is very happy with the deal he got….

In future, when we start to look for finance in Australia again, I’ll keep you in mind….

Covered Call options are a lot of fun… Was doing that for about 18 months….

Isn’t it interesting that Steve has yet to comment here…. Would be nice for some…[Read more]

we’ve bought about 20 properties…. averaging at least 2 a month at the moment……

Scott

Pelican Investments
http://www.pelican-invest.com

Originally posted by The Mortgage Adviser:

Quote:
Originally posted by Pelicaninvestments:

OK, here’s one for the brokers…. can you come up with a deal for someone like me, who can refer borrowers to you ?? would you share your commission ???

Happens every day. Most of us have standard referrer agreements and tell clients so they know who…[Read more]

At the end of the day, if I want to get a loan from a broker ( whoever the broker is…. ) I wouldn’t really care if the broker gets paid the commission, and then shares it with whoever they want…..

The issue here is that Steve has created an extra stream of income…..

The brokers here, if they have NOT approached Steve about a similar…[Read more]

Originally posted by The Mortgage Adviser.:

Once all lenders agree to wrapping, I am more than happy to jump in head first and sell these products… if done properly!!!

Quite a few of the bigger lenders are providing fully disclosed wrap finance…

We deal with two of the biggies and they are fully aware of what we do…. we also deal with a…[Read more]

Scary stuff….. now I KNOW I’m in trouble !!!!

Maybe Steve could offer some pearls of wisdom here ???

Would agree with other posts here… having a job would no doubt help your case……

Scott

Pelican Investments
http://www.pelican-invest.com

Pity that we have such lousy choices…..

Is it going to be another term of the Devil you know, versus the devil we dont ???

Good night adviser,

been a pleasure debating with you !!!

Cheers

Scott

Pelican Investments
http://www.pelican-invest.com

Benson,

Good night… get a good sleep….

didn’t know you were crying…..

I’m sure you have lots of fellow kleenex fetishists to cuddle….

Adviser ??

you make no sense…. what is the fetish you have with tissues by the way ????

Cuddles….. think you are holding onto your tissues WAY too tight…..

Adviser,

Please ADVISE us all about your wrap experience…. I mean you are an adviser right ?? so you MUST know what you are talking about……..

Grow up….

Scott

Pelican Investments
http://www.pelican-invest.com

Liz,

how wrong your generalised comments are…..

It’s typical of people here that have a uni degree to justify obtaining a higher job role / salary because of this….. ABSOLUTE CRUD……….

Vice Chairman of a company I worked for started with NOTHING…. did not finish high school at all…. by last count 9 years ago he had a fleet of 4…[Read more]

iambored….

WITH YOU on this one….

All of the wealthiest people I know, are all NON grads…. most didn’t even finish high school…..

Sad to say, some MBA’s i’ve seen rolling off the production line are CRAP….. I even had to show one how to pay his frickin telephone bill !!!

The world moves so fast nowadays….. hmm….. degree ??? no…[Read more]