[igrapleuMember@igrapleuJoin Date: 2006Post Count: 11]

July 26, 2006 - 12:31 pm

To continue on about a commercial property, when you purchase, how much (%) stampduty is payable?
Cheer
Ben

[igrapleuMember@igrapleuJoin Date: 2006Post Count: 11]

July 26, 2006 - 12:16 pm

Thank-you Richard, Your information has been an encouragment to continue researching wraps.
Cheers
Ben

[igrapleuMember@igrapleuJoin Date: 2006Post Count: 11]

July 26, 2006 - 12:01 pm

Yes, I would be interested in investing in spain and have lately wondered how to go about it. (cos im spanish) What are the property prices like. I have heard that they are very expensive and that most people can only afford a “piso” which is more or less a small townhoseunit.
Are there many Cash flow positive properties there? And what about things like stampduty tax finance, land tax etc.

Cheers
Ben

[igrapleuMember@igrapleuJoin Date: 2006Post Count: 11]

July 24, 2006 - 1:19 pm

Thanks for that feedback, Paul, What you are doing is similar to what I want to achieve, cashflow which then I want to inject into some high cap gain props? Maybe some development or a combination of both. such as, purchase a property with a house, subdivide, wrap house then build unit and hold.

What are the main factors that hold you back from wraping more. Eg instead of 13 wraps, in about 2 years, 13 wraps in 1 year and how can you overcome these issues to get a higher annual wrap turnover.
IS it
finding reliable buyers
Time involved to complete each deal.
finance
running out of funds to provide a deposit for the next deal.

For this system to work, do you have to rely on receving vendor finance from the seller in order for you continue to wrap once you have reached your borrowing capacity limit.
If so are there many sellers happy to do this? Is ir possible to do this?

Will the lending institutions see this as a “business” and therefore see that each deal (each wrap) is providing positive cashflow and so continue to finance the “Company” running this business. (more so after you have completed a couple of wraps)

Is one of the negatives about wrapping that it ties up your avaliable borrowing capacity so that you cant invest in other deals.

Thanks
Ben

[igrapleuMember@igrapleuJoin Date: 2006Post Count: 11]

July 19, 2006 - 6:57 am

Thats for your help and for providing the links with the information. I will check them out.

Cheers
Ben

[igrapleuMember@igrapleuJoin Date: 2006Post Count: 11]

July 16, 2006 - 7:02 am

Thank-you all for your information. Much appreciated.