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  • Profile photo of Nathan HouareauNathan Houareau
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    December 23, 2009 - 6:55 am

    Thank you Terry for your thoughts.

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    December 22, 2009 - 3:05 am

    Thanks for the responses guys. They have sent me off in the right direction.

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    October 10, 2009 - 1:26 pm

    I'm sorry. I read the whole post including Terrys links. What am I missing. How can the loan repayments drop from $400p/wk to $52p/wk when the same loan amount still exists and the interest rate is roughly the same? And how can one pay off $140k with a $650p/wk rental and a $100k line of credit? (One must remember that I am sure that there are other expenses that need to be covered (whether personal or investment)

    Regards

    Nathan

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    October 9, 2009 - 10:20 am

    Damn you Richard.

    You just shattered my hopes and dreams.
    I was planning to park some money I have into those elusive Myer shares.
    I guess I'll just have to keep on doing what I've been doing.

    lol

    Regards

    Nathan

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    Profile photo of Nathan HouareauNathan Houareau
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    July 27, 2009 - 7:37 am

    Hi Richard

    Sorry about the late reply.

    Yes, obviously I would have it wrapped for more that what it is bought for to cover costs and to include, as you said, a decent profit margin. She is aware that there will be a mark up on the price of the property for our work and risk and she was still interested in going ahead. I understand where the profit is made on a wrap, the only problem that I have is that I am 1) unable to aquire finance atm and 2) even if I did buy this house for on-sale I dont know exactly how to do a wrap i.e. the ins and outs, little details, etc.

    Anyway, thanks for your responses Richard

    Regards

    Nathan

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    July 23, 2009 - 4:11 pm

    Richard,

    Yes, I believe she would use it. She did want to do renovations to the property and really really loves the place
    and like I said she even went out and bought furniture for the place only to get knocked back by finance.
    As long as she (and her partner) are good on serviceability I dont see why this wouldnt work. I just dont know how to put a wrap together myself otherwise I would do it.

    Oh, and one other thing for anyone reading, she even said that she would pay the $365,000 that was originally asked for the property (which is probably what we would wrap it to her for). If they were to pass the serviceability checks then this would be sweet.

    Regards

    Nathan

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    July 21, 2009 - 12:49 pm

    Thanks Richard.

    -Nathan

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    July 20, 2009 - 12:20 pm

    What does rta stand for?

    I've tried looking it up on but cant find anything.

    Regards

    Nathan

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    July 17, 2009 - 2:56 pm

    We all sin.

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    June 19, 2009 - 2:56 pm

    …or he does not agree put in a condition of 25% escalation for the next 3 years…
     
    What does this mean?

    Regards

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    June 17, 2009 - 9:28 am

    To the lawyers it is.
    Thanks guys.

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    June 12, 2009 - 12:53 pm

    Shaunous,
    Richard always says to never cross-collateralise your loans, and I would put a wager on it that Richard is worth more than your broker.
    Havent you been reading the post?

    Regards,
    Nathan

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    June 12, 2009 - 12:50 pm

    Thanks Terry.

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    June 4, 2009 - 3:47 pm

    Is this guy akin to another nigerian scammer?

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    April 13, 2009 - 4:09 pm

    Hello everyone

    I know this is an old post, but is anyone doing wraps in WA?

    Regards

    Nathan

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    Profile photo of Nathan HouareauNathan Houareau
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    June 23, 2008 - 6:12 am

    Hi Richard

    Thanks for the comment.

    What is a PBR?
    Sorry, I should be doing more homework.

    Regards

    Nathan
    P.S. The only reason is that I have failed out of ignorance to put any money away for tax. Whoops. Anyway.

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    January 30, 2007 - 10:15 pm

    A True Inspiration.

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    January 27, 2007 - 9:25 am

    Cheers Richard and Demkel.

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    January 18, 2007 - 4:15 pm

    Hi

    When we say semi-detached, we are talking about duplexes right?

    If so, what are the financial benefits behind “splitting” the title?

    Your answer to this post would be Greatly appreciated.

    Regards

    Nathan

    Nathan Houareau
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    Profile photo of Nathan HouareauNathan Houareau
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    January 18, 2007 - 12:17 pm

    Cheers for the guidance Gross, you’re Awesome.

    Nathan Houareau
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