All Topics / Creative Investing / In regards to WRAPS

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of adam_madam_m
    Participant
    @adam_m
    Join Date: 2009
    Post Count: 3

    I have read with much interest comments in regards to WRAPS/Rent to Buy.
    A few questions for your reply-
    a) what would be the average deposit for a renter to buy be if there is one or is it a case to case scenario 1)if they were a first home buyer how long before they could receive the FHB grant.
    b) if the renter defaulted on their payments-1) how long for the contract to be terminated, 2) as there is a lease in place are you them obligated to see it through to the end or would it be terminated as per a standard lease agreement conditions, 3) is landlord insurance applicable.
    c)is the contract deemed unconditional at the time the buyer takes possession of the property
    d) is it possible to employ a real estate agent to carry out sourcing a purchaser and if so when would they get paid eg time of handover or final settlement
    I am sure you have answered these questions before but its not always easy to find them in all the articles.
    Thanks for your help
    Adam

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    You need to refer to what state you want to wrap in, as laws vary.

    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 TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    You've posted the same post twice.
    https://www.propertyinvesting.com/forums/property-investing/help-needed/4329186

    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 adam_madam_m
    Participant
    @adam_m
    Join Date: 2009
    Post Count: 3

    Sorry, In the state of Queensland

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Adam, Sorry i deleted your message and number this afternoon by mistake.

    Feel free to call me in the office tomorrow if you want to chat about wraps in Qld.

    Richard Taylor | Australia's leading private lender

Viewing 5 posts - 1 through 5 (of 5 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.