Hi,

What you are describing here is a property-focus approach to investing. That is… find a property that appears cheap and then harvest it.

Sensibly, you also recognise that you will need the right person too.

Why don’t you advertise for people to establish whether or not there is a market / demand for your idea (as a wrap).

Alternatively,…[Read more]

Hi,

You can do absolutely anything that you want when you have the vision and energy to do it.

You can certainly do wraps out of town, but only when you have the systems and procedures behind you.

The system that I use is well explained in my Wrap Library.

Regards

Steve McKnight

Hi,

The lawyer that we use is Mr. Frank Libman. You can contact him on 03 9888 6255.

We previously used Mr. Lewis O’Brien but found that Frank offered a comparable service for a cheaper price.

Regards,

Steve McKnight

Hello Camilla,

I thought that I would do some research on this topic for you…

The Reserve Bank

The Reserve Bank of Australia is an independent organisation to government and is charged with the responsibility of settling monetary policy.

Monetary policy is the way that an economy can be stimulated or restrained by affecting the price of…[Read more]

Good evening,

Wei – mate, we spoke long and hard at the seminar about creating win-win outcomes.

Don’t take this personally… just accept that in this case it is not a win-win outcome because the agent is not happy.

The La Trobe Valley is a small place… I suggest that you consider editing out the agent’s name as there is little or nothing to…[Read more]

Hi Rod,

Interesting post…

My thoughts are that there are plenty of people who are interested in wraps. As such, people may disqualify themselves for any number of reasons – such as a prior criminal history, poor credit history etc.

It’s nothing personal, but I would just say that the risk is too high for the return and then turn my attention…[Read more]

Hi!

Pls send me an e-mail to steve@propertyinvesting.com and I’ll forward the backissues url.

Regards,

Steve McKnight

Hello Alison,

Thanks for making your first post and welcome to the forum… great to hear from you []

When it comes to qualifying wrap leads you need to understand that you are not just dealing with “bank rejects” and as such a poor credit risks.

There are lots of people who would be great clients but the major lenders have ignored……[Read more]

Hi Mal,

Good idea to make your post and I hope you get a few contacts from it…

Perhaps leave your e-mail address too… recent privacy upgrades to the sit have removed the ability for people to see private e-mail addresses.

Also, by way of some general tips, when finding money partners… look for money rich / time poor people. Perhaps…[Read more]

Hi Nick,

Thanks for your feedback and thanks for making your first post… I hope to ‘see’ more off you on the forum…

I think that you make a fantastic offer… anybody in Queensland looking for a wrap lead? Perhaps you’d like to leave your e-mail address in a post too.

To protect people’s privacy / e-mail addresses we have recently taken…[Read more]

Hi Imron,

Welcome to Property Investing.Com! And all the way from China too… awesome!

quote:
I’m an Australian, who’s currently living and studying in China.

Hey – great! Pls tell us more about what you’re doing as it is certainly something very different. Is it an exchange type situation?

quote:
Just recently, the idea of becoming…

[Read more]

Hi,

What I’m going to reveal is the way that I have been able to secure unlimited finance using a relatively simple structuring system.

In fact… I’m doing the notes for it right now!

See you at the seminar!

Bye

Steve McKnight

Wei,

The 11 Sec solution is a filtering tool for properties that you see advertised to determine in a few secs. whether or not they stack up.

It is not a ‘be all and end all’ property investing solution, but is designed to be a time management tool.

Cheers,

Steve McKnight

Hi Felicity!

How are you?

Thanks for your post… let’s see if I can provide some answers…

Buying Property

If all ABC P/L is is a trustee coy for the ABC Family Trust, I’d just buy the property in the name of ABC P/L. The rest is fine to include, but I think that it is generally unnecessary if the Trustee only acts for one trust.

Multiple…[Read more]

Hi,

Terry has corectly pointed out that we purchase cheaper end market properties and by the time you receive back the FHOG, you only leave a few thousand dollars in each deal.

But on top of this you first need the money to invest.

For many people it is their jobs. Since we are self-employed we don’t have that possibility so instead we run…[Read more]

Hi Chris,

How are you and Louise travelling? Hey – I’d love to know Louise’s thoughts on the big grizzly bear that’s rocking the stock markets at the moment…

Anyway, about the calculator, remember there are many online tools which I have summarised of Property Investing.Com members in the links section of this website.

If you are after a…[Read more]

Hi Stephen,

Great talking to you before…

In Victoria, because there is a sale contract there is no tenant-landlord issue. I include wording that spells this out in the contract just in case there is any doubt.

Also see my comments about insurance – author FW.

Bye

Steve McKnight

Hi Mark,

On my deals I do 80% LVR.

I could go higher but I find my long-term access to funds drops off as lenders feel I am too highly geared.

At the seminar there will be a lender who I understand can do 90%+ LVR on wraps for certain clients.

Be there or miss out!

Bye

Steve McKnight

Great advice Terry!

Thanks for your post…

Matt, my only advice would be to be very careful with over capitalising on renovations etc. Sometimes the only sure way is the passage of time because valuers take an average on all properties in your area with coming up with a figure.

It may pay to call one to discuss this – or maybe even a real…[Read more]

Hi Felicity,

Congrats! You have managed to completely confuse me with your post []

As far as insurance goes, here are my thoughts:

1. You should insure the property for land and building insurance the second you sign the purchase contract. It’s a bit like getting car insurance before driving out of the car yard.

2. In a wrap you have two…[Read more]