Hi Steve,
I have just started reading your book, and was delighted to hear in your ‘Acknowledgements’ of your strong faith, which I also share. I am hoping to build a property portfolio like yours because I am seeking to finance a children’s charity which I started in Sydney four years ago and still run. Is it possible to speak with you about…[Read more]

Dear Mark,
Thanks for pointing out this unhelpful article. Lucifer, you alluded to the need for us to perhaps write some articles so I decided I would. I sent this to the Editor of the paper:

Dear Editor, I am disturbed by what seems to be your unbalanced reporting of Vendor Finance arrangements, or ‘Wraps’ in your article ‘Government Wise to D…[Read more]

Hi Marc, just a few additonal thoughts i meant to say yesterday. As Pisces said, why incur stamp duty twice? Maybe financing the property to your daughter would be better on the basis of a contract. Also, meant to say that that house is brick, and i have no connection with it. Just found out about it on the weekend while doing some wrap research…[Read more]

Hi Marc, You asked for practical ideas, and so i thought i would throw in that i know of a house available for around $290,000 with 4 bedrooms, only 5 yrs old at Bow Bowing. If you wrapped it to your daughter and chose to charge a less-than-usual percentage rate of say 7% they will only be paying $450 a week, there is depreciation in it and it…[Read more]

Phil,

What do you think is the minimum %age return you should be looking to make on a +ve CF property? You said not 4 or 5%, so I am wondering how much above that it should be to be worthwhile. Also, is the %age the same whether it is a buy-and-hold or a wrap deal?

Thanks, taurus

taurus

Hi Mortgage Adviser – me again. Sorry, I just realised this is a lo doc discussion, so it must be! My first posts – still getting the hang of it!

mandym

Hi Mortgage Adviser –

Is that a low doc loan to 80%?