hi,
i was just wondering if Wrapping takes alot of experience to understand and is there alot of legal jargon behind it? Or is it just another way of positive cashflow that just takes a bit of time to get the hang of! [strum]
It’s not that hard to understand (well I don’t think it is).
Think of it as buying a car with finance, but instead of a car you have a house. You are the car company so you charge a higher % than you are borrowing, and you mark up the car so it’s more expensive than what it cost to make the car (or buy it 2nd hand).
And thats basically it. It gets a tad more complicated in WA than other states but basically it’s the same.
Rgds.
Lucifer_au
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