There’s also a point in there about doing repairs the right way, without being a cheapo…..

who knows what may happen because someone does a fix the cheap & nasty way……

sad really…..

You may know the cost of everything…. but what about the value ????

Hi Greg,

Nose is perfectly fine [biggrin]

Just wanted Kijana to get some “normal” comments and it seemed that there weren’t many, as, he had ask for mentors…….

Feel free to email me…. We have been helping / “mentoring” a few people…..

Our interest is to see that people who do wrap, do it the “right way” with ethics….

Rick is…[Read more]

Jo,

Sorry love but I think you need to get out more………

Sounds like you’re addicted to this place……

Sorry folks, but didn’t the OP ask for mentoring ???
Not a sales pitch !!!!

Josh, If you’d like to email me, I’m happy to help out….. currently doing deal #37…….

You may know the cost of everything…. but what about the value ????

Tony,

Thanks for that…. most informative…..

We’re looking to start on projects early next year…..

Cheers

Scott

You may know the cost of everything…. but what about the value ????

Kay,

if u dun 1 2 listen to udder opinyun about udder wayz of da speekin de langwich…. den maybe u dun travel much b4 ???

KNN CB meet you at pasar for a kopi-o and we talk about it over a prata……

In Asia, English, not being the first language is modified to local tastes…. BUT we keep a sense of humour about it…..

You may know…[Read more]

Kay,

glad to see, as usual, you have left your sense of humour at the door….

Singaporeans know they speak like that, and, have a laugh at themselves about it…. it has NOTHING to do with race….

Are you referring to the CHinese Singaporeans who talk like that ?? Or the Malay Singaporeans ?? or the Indian Singaporeans ?? Or the Ang Moh…[Read more]

Geo,

If you only knew how ACCURATE that is !!!

KP,

Thanks…. my only reason for posting here is to clarify the misinformation that appears about wraps from time to time….

I and my partner are too busy wrapping, and, doing other property investments……

You may know the cost of everything…. but what about the value ????

ANZ & CBA will do wrap loans, but they don’t encourage it, or make it easy to get a loan….

alwayscurious – suggest if the broker can’t help you… find another broker, or, talk to the banks directly……

we have had nothing but trouble with the brokers we dealt with, and, ended up talking directly to several banks, who, all, lend $$$ to us,…[Read more]

Somersoft is ok, but is has some pretty overzealous moderators…. to the point of not allowing free speech….

Smacks of arrogance to me, in some instances……

You may know the cost of everything…. but what about the value ????

Originally posted by kay henry:

The question of the author has been answered here- wrappees have no protection- caveat (warning) or not, because the wrapper is the first mortgage holder. A wrapper is a landlord, yes, but wrappers say that they are providing wrappees with their own home- which is a misnomer, because wrappees are tenants until the…[Read more]

KP – Nice one [biggrin]

This post I’m sure was started with the best of intentions, but fails to consider many many things…..

OK, if we are going to talk about a wrapper defaulting…… what about the wrappee defaulting ??? If it was just a bank loan, how soon would they be kicked out ??? hmmmmm ???

The wrapper takes a LARGER risk on a…[Read more]

what about FIGJAM ???? hehehehehehe…….

You may know the cost of everything…. but what about the value ????

Yes Please !!!

You may know the cost of everything…. but what about the value ????

Terry,

Yes, but how is the bank going to sell the property when there is a caveat lodged at the land registry ??? they would not be able to transfer name on title…..

A situation like the scenario mentioned above is the reason why, if you decide to buy a wrap property, you do your homework on the wrapper you deal with, and, how they…[Read more]

And that is why, as, an ethical wrapper, you would encourage your wrappee to place a caveat against the property….. to protect their interests…….

You may know the cost of everything…. but what about the value ????

Originally posted by gmh454:
Whenever I want an unbiased objective opinion on the property market I always ask a real estate agent. Sorry forgot to mention honest.

ABC news 30/09 1.05pm “lending for August for property x%, the lowest since January 2003.”

Wonder what your real estate agents know that the reserve bank does not.

Ah yes, but…[Read more]

Kristine

I’d say the biggest seeds/tools are :

1. Knowledgde & ACTING upon that knowledgde…

Yr education is vital to make the move forward….

Recommended Reading :

– The Richest Man in Babylon
– Think and grow rich
– Steve’s book 0-130
– Peter Spann’s Books
– Real Estate Riches – Dolf De Roos

I’m not saying that ANY of these are HOW TO…[Read more]

Peter,

I’d like to say a big thanks for your detailed post about your life….

It’s great to hear you post here and at somerset in such a candid “no gloss” manner.

Cheers

Scott

You may know the cost of everything…. but what about the value ????