All Topics / Creative Investing / is wraps the best way to start if u have little $$

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  • Profile photo of charmed_tiger6charmed_tiger6
    Participant
    @charmed_tiger6
    Join Date: 2005
    Post Count: 2
    April 6, 2005 - 10:35 am

    i have little money about 6000 dollars to start with and thought maybe wraps would be the way to go, has anyone done many of these and do you usually need mainly your money. plus how easy is it to organise people plus houses ??? thanks

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    April 6, 2005 - 11:31 am

    You will need a deposit to buy the property – as per normal transaction. But at settlement, or soon after, you should be able to collect the wrappee’s deposit. So you will end up needing less money than normal, but initially you would still need to complete the purchase with what you’ve got.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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