This is a FREE Wrap Deal. What the bank charges me I will in turn charge you. Not a cent extra! -No Catches!![^]
All this with a minimal deposit and you get to own your own home![]
This is a charming Renovated Victorian weather board house in Richmond, Victoria. Located next to park land, just minutes from the city and a stones throw from Bridge Rd & Church St shops and trams. This home has 2 bedrooms, lounge, kitchen, bathroom, small side courtyard & reverse cycle air con.
The bank is currently charging me $395 p/week, so this is what I will charge you in return (happy to disclose bank statements etc).[]
If you know someone else who may be interested, then let them know.
But my motivation is sparked by the fact that I am one of those affected by the hike in interest rates and am facing it a little hard to meet repayments. So, one option would be to sell it. But instead of being hit with agent’s commission of around $10K, I felt wrapping it would be another option and would at least be a win win for me and the potential tenant.
Based on a 25-year mortgage, that’s about 500k loan or on 30 years, about 600k. (plus the markup on purchase price discussed elsewhere). Do you think many wrappees can afford this loan?