JJ & Jo

Wrapping in the current market gives you a great opportunity to maximimse returns. As you mention in a rising property market the wrappee get the benefit of any capital growth over and above your installment contract price or loan balance.

In a flat market they are likely to stay with you longer as it takes longer for the property to increase in value and therefore you reap the increased loan repayments.

As wrapping should be considered as a long term cash flow business rather than a get rich quick scheme the current market is ideal to consider your first wrap property.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Nice to have you on board.

Remember you can always lock any new Investment property purchase on on a fixed rate of interest and take out the worries of interest rates increases.

Let us now if you want a few example rates and i would be happy to pass them on to you.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

The concept in theory sounds fine.

As someone who has been writing calls for over a decade I can tell you it is hard to get consistent result. A flat market with little volatity is one in which the strategy works best.

Other options rather than cover calls (which are great until the underlying value of your share falls) is to look at a combination of stradles and stangles. Dependant on your view of market direction.

If you are after +cash flow whey not consider wrapping and concentrate and make that your business focus.

Done properly i assure you will earn in excess of $45K PA

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Jason

Whilst i would never put anyone down i think to consider someone who now charges $280 / hour which is more than my Tax Accountant by the way and is not a licensed Financial Adviser is a complete waste of money.

How someone with 12 months of limited development experience can call themself an expert i do not now.

Now if you had been referred to the guys at Metropole in Melbourne for development advice then that may have been different.

Owning over 184 properties in Qld which we have wrapped over a 11 year period and completed over 42 developments large and small in the same time frame I feel I able to talk with an element of experience however even i wouldnt charge a client that hourly rate.

Just invest your hard earned dollars wisely.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Terry

Bantics are on the Sunshine Coast which is a different planet for a brisbanite.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Which part of Brisbane?

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Hi cath

If you are still need further answers please feel free to email me direct. We current have over 184 properties we have wrapped in Qld and helped many other investors start their portfolio.

Happy to answer questions.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Jeff

I beleive if you purchase the house first you limit your wrappees to those who want to live in your house. If you let the wrappee find the property then they will search and find something they want to live in.

There is a big difference to the way they treat and look after the property. In the all of the years i have been involved in Vendor Financing i have never purchased a property and looked to find a wrappee.

Do it the other way round and get them to approach you. You can then take over negotiations with the selling agent and set your onsale price according to what you can buy the property for.

Hope this helps although good luck in finding a buyer for your current property.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Paul

I have sent you a PM in answer to your question.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.

Carlin

A vendor is not bound to advise anyone how long he has his property on the market. The same would go with any real estate agent.

Obviously if this information was public knowledge then the offer any potential buyer made would be adjusted dependant on how long the property had been listed for.

Look at the property yourself if the grass needs cutting or it needs a lick of paint etc then it is likely that the vendor does not want to spend any money on the property and has had it listed for some time.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.