As Simon mentioned often the rates of interest can be less than standard as you tend to have more equity and considered by some a lesser risk.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

You might like to register for Real Works the REIQ’s electronic version of Standard Contracts which can save time and imporve presentation when making multiple offers.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

My understanding of the ANZ product was the same as Terry’s.

95% is no problem and you can capitalise LMI but they will only do if it is 1 loan and not a consolidation of many loans.

First Mac will do 95% refinance too on multiple loans.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full…[Read more]

You might like to PM Apostle from this forum he is the King of the West

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Frrrr from cold NZ arrived this morning.

Andrew you see we are not all bad in the wrapping business.

Just one point you made that may differ from Oz. You mention “We allow all our wrappees to lodge a caveat on the title of the property registering an interest after they have completed 6 months of payments with out missing any.”

In Australia…[Read more]

In response to the last couple of post on this topic:

1) Cruiser hate to say that Judge Geoffrey Thompson disagreed with you and agreed with me in case we took 3 years against a wrappee in the Rockhampton County Court. The client has constructed an illegal extension using his own funds without the expression or consent of the Planning Dept of the…[Read more]

We are just about to settle our first deal in US for a client using a US lender.

So far things have worked well with him and they have lent 100% of value with a 10% CD held in US$.

Interest rate is not bad either.

As long as settlment progress as it should we will open up and take on board other applications from interested investors looking…[Read more]

Robert don’t normally disagree with you but

in Qld if the person who entered into a License to Occupy contract replaced the kitchen without the prior consent of the owner he would be in breach of the Contract and would certainly not have a caveatable interest in the property.

Our License to Occupy and Installment Contract are specific in that an…[Read more]

Hi jennifer

And welcome to wrapping in Qld.

I am sorry that find it hard to believe that the person you spoke to was not aware that he was merely signing a License to Occupy or Lease Option Agreement.

I have seen Home First paperwork and whilst I dont disagree that the element of disclosure leaves a lot to be desired the Contracts are quite…[Read more]

Thanks Robert

The cheque is in the mail.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Big E

Whoever your customer is tell him he couldnt be telling you something further than the truth.
Wrapping is very much alive and well in Qld.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Oh great perhaps you could help then dazz.

I have a client seeking 90% funding on a golf course on a stand alone security. Applicant is Pty Ltd company with no trading figures but the Direct is a leading retired Qld golfer who is prepared to guarantee the deal.

All of his assets are in his wifes name who is not prepared to become involved in the…[Read more]

I am the same as you Robert I though we were talking about Joe Blow in the retail shop.

Did a deal with a lender last month for a very strong client and less than 70% LVR with a National Tenant and the deal was set at less than 7% variable.

Those deals are rare and therefore still have interest in your friends product when you get more…[Read more]

Robert

There are a couple of lodoc commercial lenders that come to mind but i would consider 8% about right.

Guess it all depends on what security they lend against and what the “from 8% goes upto”.

I have done a couple of lodoc commercial deals over the last 2 weeks so always happy to push business your friends way.

Cheers Richard
richard…[Read more]

Robert

I have already asked Dazzling that in a former post.

The lender that time was CBA who did a commercial deal at 1 below base or 5.7% fixed for 5 years.

I asked perhaps for the benefit of all other readers that we scan the letter of offer with the privacy details removed and we could all see for ourselves.

Unfortunately we are still…[Read more]

Yes funny isnt it Robert.

What happened to all Mr Sampe’s researchers and support members now.

Surely they havent ALL joined Lionel Morris.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

I agree with Robert if you never sell you never really now your property is worth.

To answer Ausprop’s question I assure you that was an item that ASIC investigated (I should now i gave evidence).

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Could always consider a 2nd mortgage cash back and receive circa 14% PA on your investment clients are starting investing with around $14000 cash only.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Derek

On a quick note I assure you the Club has in the past sold property well over valuation.

Over the 10 years they have been in existence they have sold over 130 of our properties in and around Brisbane.

On each and every development I have provided them in writing a certified copy of a HTW valuation undertaken by our Bankers together with…[Read more]

Robert

When you attend TIC meeting in Sydney if Kevin is present ask him if Young is his real name. I would be interested in what his current day reply is.

As someone who has had dealing with TIC since its inception i can provide you with evidence of many many properties which have been sold way over valuation price.

I should know i financed…[Read more]