Hello Gavin,

Thanks for your post.

At the time of writing the wrap manual we were led to believe that the only option was to pay off what you received as a wrap off your loan.

However, we have since had a review of legal opinion by several people. Now, while not advice and not a substitute for getting separate legal opinion, we are now led to…[Read more]

Hi Rolf,

Welcome to the Property Investing.Com community. I appreciate your post and welcome you to contribute at any time.

You write:

quote:
can you define the difference between a guaranteed loan and a real loan where start-up company loans are involved, where the directors have either minimal funds and or experience in property related…

[Read more]

Hi again,

Just read your post on Somersoft…

Everything there is fine, but I just disagree with Rolf said, because in my experience there is a big difference between a guaranteed loan and a real loan.

I guess it all comes down to what you believe you can do, who you listen to and how dedicated you are to getting results.

Always operate within…[Read more]

Wei,

Why were you slammed?

quote:
How do you guys go about structuring it? Is it as simple as purchasing in a trust using a corporate trustee (like every man & his dog does), and then borrow up to the limit, and then replicate the structure? The guys on Somersoft seem to agree that the loans guaranteed by an individual will be recorded against…

[Read more]

Hello Stephen,

Thanks for your feedback.

I believe that GST would be payable on new homes built and wrapped… but it would only be payable once when you acquire it from the builder.

There would not be any GST when you wrap it.

One possible outcome that could be explored is getting the end buyer to pay the GST that would otherwise have been…[Read more]

Hi Akira,

The First Home Owner’s Grant is an incentive introduced by the Federal Governemnt and acts as a subsidy for genuine first home owners.

The grant currently sits at $7,000.

The FHOG legislation allows the grant to be payable in vendor finance / installment sales contracts with varying conditions depending on the State that you live…[Read more]

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]