The discussion seems to be here that wrapping is about selling over priced houses to people who can’t afford it!
From my experience, this is rarely the case and is counter productive for both the investor (who wants cashflow… what good is a vacant house) and also the purchaser.
The key to a successful deal is to pre-qualify the applicant…[Read more]
I recently attended yr Sydney seminar fr 0 to 130 properties. I went to learn how to work out positive cash flow properties but being slow in the uptake I am still very confused.
OK – how can I help?
During the seminar we were supposed to check the newspapers for such properties but…[Read more]
quote:I just ask because it would be good to have a ‘base of operations’ rather than checking a few dozen individual loans / repayments etc.
A few years back St. George offered a portfolio loan, which was one facility with a number of sub-loans. In essence this allowed for easy admin by…[Read more]
I’m not a big advocator of this approach at all. In fact, I think it stinks.
It sounds good in theory, but it relies on putting in low-ball offers that get accepted on (usually) a 1:100+ ratio.
My time is far too important to go putting in a mass of offers with little or no chance of success. Worse stiil, it will burn the relationship you…[Read more]
One of the soon to be released additional features of this site is a system whereby people who know of deals can advertise them within strict guidelines which includes giving an initial outline of the numbers.
This is will be a paid service (something nominal, say $20 per deal) for the person submitting the advertisment. Alternatively…[Read more]
quote:P.S. The rest of this message has been self-censored (to save you the time of doing it).
See Bec, I knew you could actually adhere to the rules if you set your mind to it.
Now, having done the interview I can tell you on good authority that the aim of the MAP was to control $1m in property (and not to make someone a millionaire)…[Read more]