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In Steve McKnight’s interview with Denise Sam, Denise mentioned wrapping from the vendor when buying a property. What would the advantage be, considering that would mean higher repayments, which would then eat into the profits, resulting in very low/non existent returns (unless one was to rely on capital growth, which to me seems like a gamble)?
Perhaps someone could shed a light on the other side of the coin?
[
]Don’t remember that bit, but I think this is similar to what they call a sandwiched or mirror deal- the vendor makes their cut, and you make yours. Everyone makes money. Yay!
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Wei
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]Viewing 2 posts - 1 through 2 (of 2 total)
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