Although I believe in the wrap strategy by Steve, do people still believe it is possible to do it in todays market.
I’ve spoken to brokers before who believe in in today’s mortgage market where finance is “quite freely” available people would simply finance themselves.
I’m also selling ….. sorry no advertising….
Yes it is certainly doable in this market.
Maybe you need to adjust your strategies to maximise your return by maybe offering a shared equity scheme or similar but certainly from the level of enquiries we receive the demand is very much still there.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Richard
What is a shared equity scheme? How does it work?Cheers
PyramidI can only guess it means the vendor retains a portion of the property until the purchaser is ready to buy them out. I get all excited just thinking about how that could work!!!!
Pyramid
Jen is right in her assessment.
Normally done as a License To Occupy or Lease Option rather than a Instalmnet Contract.The purchaser cannot afford to make repayments on 100% of the property so she makes payments on a given percentage i.e 50-75%. Investor retains the balance and enjoys the percentage gain whilst still receiving a higher rate of return than he would if he merely rented the property out.
The quality of purchasers tends to be a lot better and most have a decent deposit.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
thanks for the feedback guys
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