Vendor finance, wraps, handyman specials, rent to own schemes all have three things in common 1, A vendor who is desperate to sell and can’t 2, A buyer who can’t get approval from a bank for finance 3, Robin Hood the good guy trying to help the old Aussie battlers in the middle oh yes and trying to get rich quick with as little effort as possible. A recipe for disaster! The crux of all of the schemes and I’ll save you a good few thousand dollars on courses is… 1, Agree as low a purchase price as possible from the vendor and try not to pay him until you’ve sold-on the property 2, Sell the property to a buyer for an inflated price, try and work in some positive cash flow via inflated rents etc.. until they can find a bank who will lend them the money done deal? Robin Hood or just a hood that is Robin. I hear stories every week of people who have been involved in the role of Robin Hood and are now themselves desperate to sell, if a bank refuses to give someone finance they have done it for a reason. Who makes the money in these agreements? Talk to the guy giving the seminar and ask them how much they make from property and how much from seminars. If you want to go on the courses go, then sit down for one hour with your legal eagle the cost will be negligible compared to what you’ve just spent on the course and will save you a fortune.