WRAP a land

Viewing 3 posts - 1 through 3 (of 3 total)

fullout
Member
@fullout
Join Date: 2003
Post Count: 233
September 26, 2005 - 3:08 pm
Are there any wrappers out there who have done wrap deals successfully?
Is it possible to wrap a piece of land, and arrange for a builder type home to be built on it for the person who wants to buy it, but cant get finance?
I mean, i have a land, and I can ask him to choose a builder and home that he likes. Will this work?
Please message me or reply.
thanks
***********************
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
September 27, 2005 - 2:12 am
Hi fullout
Yes wrapping a block of land is like wrapping any other property.
I have done it on more than 1 occassion as long as the wrappee understand that they will not be able to construct on the block unless you are paid out.
Email me if you need some more details
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.com
IP funding and US property finance
our speciality
Richard Taylor | Australia's leading private lender
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
September 28, 2005 - 12:46 pm
Yes, how will they get funds for the construction?
I suppose they could pay cash, but if they had the cash for that they would probably be able to get finance for the land.
Terryw
Discover Home Loans
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