All Topics / The Treasure Chest / What can happen to the cg?

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of kenlekenle
    Member
    @kenle
    Join Date: 2002
    Post Count: 8
    June 6, 2003 - 3:36 am

    Thi could be my first wrap.

    My intention is to purchase a property value at $80 I have someone going to wrap it for 120k.

    The question Im asking is what can i do with the 120k-80k=40k that i have gained?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    June 6, 2003 - 4:02 am

    You won’t gain that $40K all at once, but over 30 years or when they cash you out.

    When you get it, you can just do 2 more wraps!

    Terryw
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of kenlekenle
    Member
    @kenle
    Join Date: 2002
    Post Count: 8
    June 6, 2003 - 4:06 am

    I was just wondering could could use that 40k as aquity?

Viewing 3 posts - 1 through 3 (of 3 total)

The topic ‘What can happen to the cg?’ is closed to new replies.