Derek

I know as a fact the major Bank that we deal will not allow their local branches or origination team to accept these deals.

Our deals where accepted because the institution concerned wanted to retain our development business and thought they may loose this to a competitor.

I have spoken to many of the other finance brokers on this site…[Read more]

Del

I think this is one of the great mysteries of all time for the small time wrapper.

I now it has been raised on the forum many times and answered just as many.

I will interested to see what answers you get to your posts over the next day or 2.

We have the majority of our wrap finance through one of the 4 major Banks and are now dealing…[Read more]

They are several ways to purchase or sell real estate using an Option arrangement.

In simple terms you would enter into a “Call Option” arrangement with a Vendor giving you the right but not the obbligation to enter into an unconditional contract to purchase a property for a given amount at a given time.

Usually the option will give you the…[Read more]

We have purchased a lot more than 30 in the last 12 months all most of which we have wrapped but surely it isn’t about the mere numbers.

The quality of the property acquired or the strength of the wrappee you have onsold the property to should be one of the most important criteria.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There…[Read more]

Dedlboy

Think we have had this conversation before.

All a wrap kit will provide is the concept and the general philosphy. Each State has varying legislation and hence requires tailor made products to suit.

This includes not only the sample contract whether it be an installment contract or License To Occupy, Q & A regarding wrapping in that…[Read more]

Anthony

We only deal with clients who have been pre-qualified and then go out and find their own property upto the maximum price we have given them.

Doing this not only means that you will reduce your interest bill but also your wrappees are likely to stay in the property as they found the house in the first place.

With regards to safeguards…[Read more]

Land Contract

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Steve

I beleive Robert is referring to Torrens title rather than Strata title although it maybe a condition of the Development Approval.

With regards to your CGT it is calculated on the date of your original contract as well as the date of any future sale contract. You require a minimum of 365 days between the two.

Cheers Richard
richard at…[Read more]

Why not try a self leveling latex product.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Elika

When do you need it done by and have a you estimate figure in mind.

You might want to PM / email me with the last bit.

Some of our trades guys might be interested in flying down from Qld and doing the job.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Can’t we get one of the moderators to close this topic.

If it isn’t advertising I don’t now what is.

To my observation this is the 3rd identical post we have seen on 3 different forums!

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Think Terry has already answered this question on another post.

By the way you are not Henry Kaye in disguise are you?

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Sam

Which State are you in.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Wilko

Send us an email and i will return our Q & A sheet we send to all of our wrappees. It applies to Qld but will give you an indication for NSW.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Lucifer

Some day I wish things where slowing.

We still receive as many application each week as we did 2 years ago. Not to say we do them all but certainly no sign of a levelling in the market interest from our introducers.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Brahms is bang on for Qld Contract date is the date taken when calulating CGT and not the unconditional or settlement date.

The other thing is when seeking a 50% reduction in CGT because you have held the property for 1 year it is actually 1 year and 1 day that you need to hold the property and that is calculated between the 2 purchase…[Read more]

Sebastian

James is correct in Qld you would incur a double duty.

The way around it is to have a nomination letter. The company gives you the right to act on their behalf to sign the contract although it will not be in your name. The contract shows your name however the Stamp Duties office will accept the nomination and not charge you double…[Read more]

Guys

Why not accept the decision and move on.
The world is full of new opportunities and Split loans where just one of them.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Wrapping is legal and very much alive in Qld.

After 148 wraps I can assure that it is still a growth business. Demand for properties in Qld is as strong as ever and we still receive on average a dozen deals a week to look at.

Feel free to email or PM me any questions you may have.

Cheers Richard
richard at fhog.com.au
http://www.fhog.com.au

There is…[Read more]

Mel

Yeh good point you raise.

To date in 8 years of being involved in Vendor finance we have only had 1 deal go sour on us.

When I say go sour I mean the client literally moved out and handed us the keys back. In simple terms a lot of her income was from being a registerd carer. Unfortunately with the turmoil in the “caring” industry in Qld she…[Read more]