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  • Profile photo of SooshieSooshie
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    @sooshie
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    January 25, 2003 - 2:05 am

    Hi AD,

    These UK investors have more money than I. They could buy property outright, I don’t understand why they would need me to wrap them a property? It is possible I misunderstood what you are suggesting, could you please clarify for me. I tell you, I am soooo slow now. Fuzzy brain syndrome [;)]
    Cheers
    Sooshie [:)]

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    January 25, 2003 - 2:01 am

    Hi there,

    I’ve wished I was an octopus this last week since my husband is overseas for work. [:0)] Alas, its just been me and I couldn’t get a chance to breath let alone post a reply.
    [?][?][?][?][?][?][?][?][?][?][?][?][?][?][?][?]
    AD I’m not sure I follow what you mean exactly. Do you mean that I should use their money to invest in a wrap?

    quote:

    4% on their day now or offering them 13-15% as investors in a Wrap

    What do you mean “on their day now”? I guess I’m a little slower these days!
    Hilary, how would they go about doing this and once done do you suggest investing in a wrap?

    I believe they should wrap, it make sense to supplement whatever income the male gets. I think they may be thinking in investing in a business.

    Look foward to your replies

    Cheers and ‘ave a great long weekend

    Sooshie [:)]

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    January 17, 2003 - 4:37 pm

    Hi,

    Thanks for all your responses [:)]. Are you also aware as Steve mentioned that local stores, including BIG hardware stores will give discount cards (on merit/work basis).
    Garage sales – stick to your shopping list or you’ll come home with extra rubbish (Insert GROAN here “—” My brother-in-law is having a garage sale tomorrow and we (de hubby) got first pick. Well we got a coffee table??? A wine rack??? A couple of glass jelly bowls ??? A couple of Bananas in PJ’s posters??? and some rolls of greaseproof paper rolls). However our wrap property still needs a coat of paint. Moral of the story -> Stick to your list whilst shopping at garage sales.
    You might also want to try something online, like http://www.sold.com.au or http://www.ebay.com

    Cheers
    Sooshie

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    @sooshie
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    January 17, 2003 - 4:25 pm

    Hi there,

    I have friends who live in Moe and they know about wraps. In fact they said most of the community knew about wraps, because a lot of people where buying their house that way.
    My friends asked me about it, knowing I do wraps and I said that I have a friend who could do it for them if they were interested.
    My friends mother mentioned that her son did a wrap with no deposit money down except for the F.H.O.G. Well I can say that there would be no way that I would do a wrap with no deposit other than the F.H.O.G.
    I guess in this case the wrapper who is doing this sort of deal, has an edge on the rest of us, because it would be to risky for me and I’d like to sleep well at night (whatever sleep I do get!)
    My friend came to stay the night and she mentioned the house prices in Moe, Morwell, Traralgon have all increased and the rent was going up aswell, so they were thinking of moving out with their brood ( 8 children) to somewhere more ‘reasonable’.

    This is just some food for thought.
    Cheers
    Sooshie

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    January 9, 2003 - 3:10 pm

    Thank G-d for common sense and people with heart!
    This post is a positive look at property investing and makes me proud to be a human being.
    Congratulate yourselves for seeing the bigger picture.

    Cheers

    Sooshie [:)]

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    @sooshie
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    January 9, 2003 - 3:05 pm

    Hi Steve,

    Just like going into a shoe shop on a sale day and asking for size 7.5 shoe and finding that they’re all sold out. Law of averages!

    Cheers

    Sooshie

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    January 9, 2003 - 2:59 pm

    Hi Angie,

    Been there done that! Unfortunately.
    Now I’d have a different take. I would calmly ring up the re agent and I would say, ‘I truly am intersted in properties, but I only want you to call me with real offers in my price range. If your honest with me, I will do business with you and we will both get fat off the land (So-to-speak), oh and by the way, my friends who are doing the same as myself and are looking for a real estate company they can build up a relationship up with too’.
    Now I may not say it exactly in those words, but I wonder what their response would be?

    I’m glad you found out about this sort of conmanship before you got burnt!

    Cheers

    Sooshie

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    January 9, 2003 - 2:46 pm

    Hi

    Thanks AD for your link. Hope you don’t mind it being transposed here?

    http://www.financewraps.asn.au thought it might help others.

    Cheers
    Sooshie

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    January 9, 2003 - 2:41 pm

    Hi there,

    Thanks watto!
    Got the book (my once in a while – when she decides to turn up housecleaner, lost it and I’m looking for it again) and it was good from what I started to read. Still concur with my father-in-laws original statement “Free is good”.

    Cheers all

    Sooshie [:)]

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    January 9, 2003 - 2:28 pm

    Hi Angie,

    With regards to the tiles (a little problem compared to the rest) there is a new panel, I think it’s called Lamipanel (sold at bunnings). It looks like tiles, but it’s one sheet and you can install it yourself. Apparantly you can put it straight over tiles or remove the tiles before hand. It is waterproof and guarenteed for a long time. It is expensive, but if you can do it yourself, it looks good and can be kept clean, won’t fall on someones toe and cut them etc, it might be worth it. With regards to screen wire doors, there are places that deal with ex-demo homes and they have sinks, bathtubs, doors, handles, knobs, etc that may make your life easier and take the sting out of the cost. Vinyl might be better than carpet. I guess we should put up a posting on reno jobs and how to save money. In fact I’ll do that now.

    Cheers
    Soosh [:)]

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    January 9, 2003 - 2:16 pm

    Hi,

    Nathan put a link in his post (“Some tips on getting started?”) but unless you add the www it won’t work, so I’ve just put it here and it will work. Tested it myself.
    Thanks Nathan (boy do I wish I was 24 again [;)] )

    http://www.allhomes.com.au

    Cheers
    Sooshie [:)]

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    January 9, 2003 - 2:09 pm

    Hi Nathan,

    Do you have a friend who might be interested in helping you out, whilst also making money? If your ‘black’ spot with your credit history gets in the way, your friend may have the way around. This is just until you can show you actually have an income. As with positive cash flow property, you get income monthly. This will show others that you are earning steady income and they might be more willing, if they are sure they will be paid. I know it is not as simple as that, but there is a way. Get some legal advise before venturing out with a friend though.

    Cheers

    Sooshie

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    January 9, 2003 - 1:59 pm

    Hi,

    Thank you for your post. Your daughter will have an advantage over other children with her knowledge. Perhaps other children who have children your daughter’s age will also benefit from the game.

    Cheers

    Sooshie

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    January 8, 2003 - 6:24 am

    Hi all,

    This posting is active once again, with a driver at the helm. So if you want to add links, go ahead make our day (Oh dear! must be all that eggnog). Feel free to post links that you think may help others, but remember this is not for advertising purposes, but for networking and education etc.

    So good to be back [:D]

    Soosh

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    December 15, 2002 - 1:57 am

    Hi David,

    Like to get your point of view. Yes we have completed a wrap. Very happy with new owners. We have a ‘Time’ partner who is very good at what he does. Basically, I’m just puting out feelers to see what are others ideas on the other property.

    Info on property: Purchase price 90K
    Our deposit 18k (20% LVR)
    Term of loan 25 years

    Hope this helps some.

    Cheers

    Sooshie [:)]

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    December 14, 2002 - 2:52 pm

    Hi David,

    I was under the impression that with LO you don’t get FHOG and with us putting in 20%LVR that makes it quite a deterrant. What do you think? I’d like to get your view.

    Cheers

    Sooshie [:)]

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    December 14, 2002 - 11:39 am

    Hi David,

    Hubby and I have just started purchasing wraps. I will aim for positive cash flow. The advantage of putting in 80% LVR means that this is more likely to occur.
    The tenancy I think usually is for 1 year..but 6 months can be negotiated and this is better for us as we can get back to the original plan which is to wrap the house, for aslong as it takes for the wrappee to pay off the loan or cash us out.
    The other option is to do a reno job on it. It has the potential.
    Cashflow is very important to us at present with our two young children and many incoming bills to pay.

    Have to go have a bathe the kids..
    Cheers

    Sooshie [:)]

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    December 13, 2002 - 3:47 pm

    Hi Insider,

    Still got the house. Very slow going at present. Not sure whether to rent it out for 6 months and then try re-wrap or to just bide time. It’s difficult call, as we have to pay mortage each month till wrapped. Now, today is Saturday the 14th and everything that could go wrong on Friday the 13th did. So I’m feeling a cautiously more positive today and I’m just going to wait for the man of the house to decide what to do [;)]

    Cheers

    Sooshie [:)]

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    December 13, 2002 - 3:42 pm

    Hello everyone [:)]

    Thank you for your replies. It’s glad to see that we all have +ve outlook and goals for the coming future.
    Watto you’re very cheeky [:D] Poor Steve was more likely to ‘push up the roses’ working so hard on this revamped site, then spending the time with Julie, sniffing the roses!

    Nessie, anyone selling a house on X-mas day? That’s a hairy one…should I shouldn’t I buy today??? Still love to catch up over coffee or herbal tea. Have fun Nessie [:)]

    Felicity, family is precious. Thank you for mentioning family.
    For everyone..remember why you want to achieve wealth. Is it for status? To make your life comfortable or to share with family the opportunities, possibilities and dreams you’ve always longed to fulfill?
    Brett, kicking back and having fun sounds great!!! Throw a spud on the b-b-q for me too! Perth sounds like it needs someone like you. Good going!
    Barny, thank you for looking through the links and educating yourself. Top marks for you and everyone else who is researching, reading or aiming to learn more. The human brain (nurse talking now) is capable of so much. Merry X-mas to you and your family.
    Go-girl congrats for planning your 1st wrap on Feb 15th. Full steam ahead [;)]!
    Steve Steve Steve… Now you can breath a sigh of relief that the site is up and running. Julie is probably relieved too. Thank you for making the dreams of so many people possible. Both for those who are wrapping and have positve cashflow and for those Australians who want to be the king of their own home – the great Aussie dream.
    Now, Dave and you have set a goal for $20 million worth of property. Make sure the goal posters up in your office have a different background colour than those of last year! [:0)] Oh! Don’t forget to have some fun.

    Watto, always a pleasure [:)]

    Everyone Have a Merry X-Mas, Gong-Xi fa choy (feb next year) Happy Harri Raya, Happy Chanuka, Happy Boxing Day and a very Happy, Healthy, Wealthy and Prosperous New Year! [:D]

    Cheers

    Sooshie [:)]

    There are no problems, only solutions!

    Profile photo of SooshieSooshie
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    December 13, 2002 - 3:17 pm

    Hi there,

    Watto, thanks for letting me transpose. [:)] Barney, I understand your reserve in filling out applications and surveys, I guess your always wondering what the ‘catch’ is. I filled it out and when I receive it, I will put a report up.

    I was once told by my father-in-law, “Free is good”. Can’t fault him there!

    Cheers and have a good weekend

    Sooshie [:)]

    There are no problems, only solutions!

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