Good point Jason,
I can see where the turnover would be much easier using the LOC. Hadn’t thought of that angle.
Enjoy
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a first effort.
-Sydney Smith

As long as it works Rie that is what matters. I still believe though that a creative mortgage broker should be able to set up the same styructure cheaper. I currently use an LOC and se the advantages there though…as I said it is a trade off.As long as you are comfortable and can manage the process go for it..
Enjoy
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A great deal of…[Read more]

Soosh,
Enjoy you perspective keep onm writing.
Mike,
Good to have someone of your experience on the site. I must meet you at a vendor finance meeting…the next one.
Enjoy
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a…[Read more]

Wow Soosh, your husband has such power…..maybe I need to talk to him….[]

Regina I am also amazed at the hype. I do believe though that a lot of people have bought property at very inflated prices and may struggle for the rental market to catch up in a few years. On the flip side I have rented every property I have had for tenant within 4-5…[Read more]

Hey there Rie,
First let me say I am no finance guru…..The difference I see between LOC and P&I (redraw) is really the %interest and the flexibility. Thre is no question that a LOC is much more flexible and less hassle to use than any other product but usually there is a higher interest charge for this, eg. My house is LOC and I pay 6.56 whereas…[Read more]

Hey all,
I have attended two Brisbane meetings now and enjoyed both immensely. I can encourage all you Adeladians to get a long as you will enjoy the event.
Enjoy
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a first effort.
-Sydney Smith

Dave,
I can see your point ….to a degree. I also see that 2-3 hours driving as time spent away from the things and people that I love. If I can wrap a property down the road and make the same sort of returns and then be able to spend more time with my lovely wife and two beautiful daughters, I will choose down the road every time. I have talked…[Read more]

Aaron,
Having just done a regional Wrap (3+ hours form home)I will be doing homes closer next time. While the numbers work well I prefer proximity so am willing to buy dearer houses. Just my thoughts.
Enjoy
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity…[Read more]

Hey ACM,
After much discussion with a few differenet Solicitors I have just done my first wrap using David Barlow of Bennet& Philp solicitors. His number is 3229 0494.
Tell him you got his number from me and hopefully he will take care of you.
Enjoy
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Andrew Deering

A great deal of talent is lost to the world for want of a little courage. Every…[Read more]

Hey VHD….
They all say they lend on Value but it just happens that a valuer always sees contract price as the value….Strange the way it always works that way.
Enjoy
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a first…[Read more]

Think about it this way John. Those negative geared properties you have are there any you would like to realise the gains on in a controlled manner and increase them from a loss situation to a positive situation. Wrap is the key. I think you will find this concept more enjoyable as time passes by.
Enjoy
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A great deal of talent is lost to the…[Read more]

Hey guys,
Suggestion ..
You should get in contact with http://www.financewraps.asn.au and find out when the next meeting is. A room full of wrappers makes for interesting discussion. Worth joining the association to for the links and contacts (only my opinion).
Enjoy
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A great deal of talent is lost to the world for want of a little courage. Every day…[Read more]

Sorry,
Forgot Email address. For those wondering why I didn’t just write the lenders name it is because I want to ask them if they don’t mind first and they have all gone home as I write.
Thanks
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deero@optusnet.com.au

A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men…[Read more]

Hey all,
Long time no see. I have been talking this week with a mortgage originator who is happy to do fully disclosed wraps….you know the worst part they want to charge me only 6.09%….yes that is not a typo. This is full disclosure and I was very impressed as they really do understand how it works. There are application fees but they will be…[Read more]

Where are you in Qld ?
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a first effort.
-Sydney Smith

Gavin,
I am about as green as you but here are my thoughts. I am currently in the process of my first wrap. I would never accept anybody without a deposit. (Being in Qld means no FHOG until 1 year later which I leaver to the clients discretion for spending – with my subtle suggestions of repayment.)
Even with only FHOG it means the people have put…[Read more]

Tony,
Link looks good. Do you use this software yourself ?
Thanks
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a first effort.
-Sydney Smith

Sooshie (Sarah)

You are a dynamo thanks for all the links. I wish I had time to explore them all. I am finding that is the most valuable commodity of all.
Hope all are well.
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a first…[Read more]

Thanks Steve,
Must say that keen as mustard for November is an understatement. I am really looking forward to the event and all it holds in challenges. Hope all you others are coming !!
Enjoy
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A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented…[Read more]

Congratulations Gavin and Carolyn. I readvertised also last week and recieved 10 calls that day and hopefully a few good leads. I started backwards in that I bought a house first . Going to advertise this week with no property just interest in the idea. Where you advertising a property or the idea when you advertised ?
Enjoy
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A great…[Read more]