Total Members: 158,197

lozza123

  • lozza123 replied to the topic Repayment Schedule for Wrap in the forum Creative Investing 19 years, 8 months ago

    Hi Kirsten,

    A couple of options to calculate the repayments are:
    (1) mortgage calculator – I got mine with the Wrap Pack, but you could probably get one from Dick Smith or Tandy…
    (2) Use Excel, open the Loan Amortization spreadsheet template. You can enter all the details in there, and it will do a payment schedule for you.

    I have got…[Read more]

  • lozza123 replied to the topic Repayment Schedule for Wrap in the forum Creative Investing 19 years, 8 months ago

    Hi Kirsten,

    A couple of options to calculate the repayments are:
    (1) mortgage calculator – I got mine with the Wrap Pack, but you could probably get one from Dick Smith or Tandy…
    (2) Use Excel, open the Loan Amortization spreadsheet template. You can enter all the details in there, and it will do a payment schedule for you.

    I have got…[Read more]

  • lozza123 replied to the topic Investor Club in Melbourne in the forum Creative Investing 19 years, 8 months ago

    Hi Yack

    Only a small group of around 7 people turned up for our lunch at the Southern Cross… but it was still good, because I got to meet some new wrapping people. [specool]

    Felicity, of course, is always a wealth of information. I can’t help feeling she got a bit bombarded, but hopefully got something out of it for herself too…(?)

    Ah……[Read more]

  • lozza123 replied to the topic Does this sound like Wrapping??? in the forum Creative Investing 19 years, 9 months ago

    No, this is not a wrap!! It’s just a plain ordinary rip-off.

    Actually, it sounds similar to what you here about those companies that fly people up to Queensland and put the pressure on them to buy straight away without having looked at any other properties.

    You know, just like this lady, you don’t get the opportunity to look in any other estate…[Read more]

  • lozza123 replied to the topic Wrap Kits in the forum Creative Investing 19 years, 9 months ago

    Hi kp,

    The kit explains the concepts and methods of wrapping – eg, how to find the right wrappees, how to advertise, how to buy at a good price, etc. The kit is not just a sample contract.

    Also, I think both of the kits have an audio component – in the Wrap Pack it’s 7 or 8 CD’s which you can listen to in the car.

    After you have followed…[Read more]

  • lozza123 replied to the topic Investor Club in Melbourne in the forum Creative Investing 19 years, 9 months ago

    Hi Grreg, FW & SkippyGirl (my newly acquired wrap friends!) plus everyone else who posted;

    Well, I’m gonna have to check my availability on that day, ’cause my hubby is making a movie and I’ve volunteered to do all the catering for the cast & crew. I never get a weekend to myself anymore!

    South Melb is not particularly handy for me, but the…[Read more]

  • lozza123 replied to the topic Wrap Kits in the forum Creative Investing 19 years, 9 months ago

    Hi Delboy,

    A sample contract for your state is included with Rick’s Wrap Pack. However, I don’t know if this saved me much when it came to getting the actual contract prepared by a solicitor.

    Besides, you do need to make your contract specific for your particular wrappee, anyway. You may want to add or delete certain clauses.

    Cheers

    Lozza

  • lozza123 replied to the topic Investor Club in Melbourne in the forum Creative Investing 19 years, 9 months ago

    Hiya Superdomo

    In February we had a “Wrap lunch” with about 12 people, which we held at the Old England Hotel in Ivanhoe.

    I’m planning on hopefully organising another one fairly soon. It’s not an official “wrap club”, but most of the attendees were very knowledgable about wraps.

    I can send you a message when we have the next one..?

    Cheers

    Lozza

  • lozza123 replied to the topic Wrap Kits, which one? in the forum Creative Investing 19 years, 10 months ago

    Delboy —

    Didn’t know there WAS a $500 Wrap kit!! Who has that?

    I have Rick Otton’s Wrap Pack (cost me about $2500). I think it’s worth the investment.

    Lozza [biggrin]

  • lozza123 replied to the topic Wanna go halves????? in the forum Creative Investing 19 years, 10 months ago

    It would definitely be wrong to burn the CD’s… I definitely wouldn’t do it, anyway.

    Lozza

  • lozza123 replied to the topic Credit Checks in the forum Creative Investing 19 years, 10 months ago

    Me again —

    How can you check someone’s past rental history if the estate agent involved is totally rude and unhelpful? They keep referring to the privacy act. I have asked the wrappees to get something from the estate agent, which they haven’t done as yet.

    Thanks!

    Lozza

  • lozza123 replied to the topic Credit Checks in the forum Creative Investing 19 years, 10 months ago

    Hi Richard,

    I think Mel was referring to wrappees defaulting on their loans…(?) [confused2]

    Lozza

  • lozza123 replied to the topic Recalculating loan wrap loan repayments in the forum Creative Investing 19 years, 10 months ago

    I would have thought you just base it on the balance owing x new rate x no. of years remaining. Is that not correct?

    * Also – quick question — if you have fixed the rate for your wrappees (based on the fixed rate you can currently get, plus say 2%) are you then required to fix your rate too, or can you leave yours variable?

    Thanks

    Lozza [biggrin]

  • lozza123 replied to the topic Robert G Allen in the forum Heads Up! 19 years, 10 months ago

    I got the same postcard in the mail, and was seriously considering going tonight…..

    I haven’t read any of his books.. can anyone tell me more about what Robert G.Allen is about?

    Thanks!

    Lozza

  • lozza123 replied to the topic Lease Options vs. Wraps in the forum Creative Investing 19 years, 10 months ago

    Terry,

    True, true. You’re the expert!! (I’m just new to all this, but climbing a steep learning curve!!)

    Lozza [biggrin]

  • lozza123 replied to the topic Wrapping Divorcees…. in the forum Creative Investing 19 years, 10 months ago

    Ahem….. OK then!![blush2]

  • lozza123 replied to the topic Wrapping Divorcees…. in the forum Creative Investing 19 years, 10 months ago

    Thanks guys… I just thought for some reason that there was some “issue” about divorcees and loans… maybe that was in the good old days!!

    Scott — I wish. But we do have one guy coming out on Sunday morning, he is a self-employed gardener and a divorcee, with a pretty good income and a big deposit. Here’s hoping. But he hasn’t actually…[Read more]

  • lozza123 replied to the topic Lease Options vs. Wraps in the forum No Subject 19 years, 10 months ago

    Sorry — one other thought:–

    I heard that as many as 50% of L/O’s don’t actually end up in the property being sold… They just change their minds, and move onto somewhere else.

    You would then be stuck with an empty house again, which would mean more running around trying to lock-in someone else for a L/O.

    Another advantage to an Instalment…[Read more]

  • lozza123 replied to the topic Lease Options vs. Wraps in the forum Creative Investing 19 years, 10 months ago

    Hi Arthur

    Here are my thoughts… although I don’t know a great deal about L/O’s…

    If everybody is always refinancing you out on an instalment contract wrap, this would give you more cash earlier to buy more properties, therefore increasing your wealth more quickly?

    If it’s really a pain for you when they refinance, set up some people to be…[Read more]

  • lozza123 replied to the topic newbie wrap packs in the forum Creative Investing 19 years, 10 months ago

    Rick’s Wrap Pack includes a wrap instalment contract specific for the state you live in. (I don’t know what he gives for people who do Lease Options in S.A.)

    Don’t know what Steve’s includes that is specific to your state, but you could check on this website and it may tell you more info.

  • Load More

lozza123

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,197

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!