PropertyInvesting.com | billyray | Activity https://www.propertyinvesting.com/members/billyray/activity/ Activity feed for billyray. Mon, 13 Apr 2026 10:44:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 412e8cd7071df029fcd5187a88ed51b6 billyray replied to the topic Building Insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4400091-building-insurance-5/#post-4625245 Mon, 31 May 2010 10:31:27 +0000 Oh sorry. GOM = God of money. I thought for a moment this was some special insurance group I had never heard of ;-)Cheers

]]> 8ffc9cfd2427add1ebef7f9cacf6b2a9 billyray replied to the topic Building Insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4400091-building-insurance-5/#post-4625244 Mon, 31 May 2010 10:30:22 +0000 GOM??

]]> 142abdfcf1b8479e948de89f89b8fdac billyray replied to the topic Building Insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4400091-building-insurance-5/#post-4625242 Mon, 31 May 2010 06:33:29 +0000 Am making a clean start with this IP. New property managers, new insurers and hopefully some better tenants. My new property manager said they recommend Terrri Scheer for Landlord insurance but not building insurance as they are not price competitive. Also I need to change the structure that owns the policy.Cheers

]]> a3dd0205c718258372cc98b7a1aa380e billyray replied to the topic How to Make Money With Lease Options in the forum Creative Investing https://www.propertyinvesting.com/topic/4380314-how-to-make-money-with-lease-options/#post-4516870 Fri, 29 Jul 2005 10:12:21 +0000 HI all

Has anyone done a lease option outside of the state they reside in? I’d like to try this with an investment property, but I wont be able to meet with the individual prospective “tenants”, as I live in another state. It would all need to be done by correspondance.

Can this strategy be achieved long distance or does the isolation create…[Read more]

]]> a11eef21ef55386127c271299be7fdf9 billyray replied to the topic Are Wraps viable in Sydney? in the forum Creative Investing https://www.propertyinvesting.com/topic/4379405-are-wraps-viable-in-sydney/#post-4510889 Tue, 19 Apr 2005 11:30:50 +0000 Hmm, quite so.

However I have to say that in my situation, when we applied for our owner occupied home loan, the broker blindly accepted “X years” as the time I have been self employed.

They never asked for proof, never looked at our business name rego certificate, never did any significant due diligence, just ticked the box. We had good equity,…[Read more]

]]> 247625bc9ed27ca560b45f4a4ff4e683 billyray replied to the topic Are Wraps viable in Sydney? in the forum Creative Investing https://www.propertyinvesting.com/topic/4379405-are-wraps-viable-in-sydney/#post-4510887 Mon, 18 Apr 2005 11:30:28 +0000 Hi Terry

Thanks for your reply.

Exactly my point though. If a wrappee can put together a large deposit, and a lo doc loan doesnt require substantiation of income, why would they need the wrapper?

I’m just trying to work out what mindset and financial position a wrappee would be in to be interested in such a deal.

Cheers
Billyray

That just…[Read more]

]]> 37d3e380f8d2ba39032d2ae48817d997 billyray replied to the topic Are Wraps viable in Sydney? in the forum Creative Investing https://www.propertyinvesting.com/topic/4379405-are-wraps-viable-in-sydney/#post-4510885 Sat, 16 Apr 2005 10:58:35 +0000 Alexp, you seem to have got the answer you were looking for, but I also have queries about the viability of wraps and lease options.

If an investor wants to do multiple wraps, where do they get the equity each time for each new venture? As a self employed person I would need to use lo doc loans for every aquisition myself – if lenders want 20%…[Read more]

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