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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    Hi

    I purchased Steve McKnight's wrap kit, "Wrap Secrets Revealed" many years ago and, after having a clean up at home, would like to give it away.

    It is only the video tapes and the audio cassettes that I have at the moment, but I may be able to find the written part of it later as my clean up continues.

    It consists of 7 videos and 7 audios (different versions of the same recording) so you will need to have a VCR and/or cassette player to be able to play them. I think the kit dates back to the year 2000, when Steve still had hair.

    Whoever wants to pick them up from me in the city, of Sydney, can have them for free. To be fair the first one to email me can have them.

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

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of Tech4uTech4u
    Member
    @tech4u
    Join Date: 2011
    Post Count: 45

    Me Me Me!

    thanks,
    Amit

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Hi Amit

    It is a very generous offer from Terry but thats the sort of guy he is.

    Just remember to sell a property using an instalment contract these days (Wrap) you need to be licensed and the requirements wont be covered in Steve's kit. 

    Forwarned is forearmed.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Amit

    Great stuff Terry.  Very generous.  As Richard mentioned, you will need Australian Credit Licence coverage for your Instalment Contract (Wrap) transactions.  More information on this topic is available at:
    http://www.vendorfinanceinstitute.com.au/home/?page_id=10
    (Disclosure – it's our website)

    Good luck with your new Kit.

    Cheers,  Paul

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    mattnz
    Participant
    @mattnz
    Join Date: 2007
    Post Count: 574

    I was under the impression that you were allowed to have one or two wraps without a license and that it was only when you turned it into a business that you needed a license.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    my wrap kit still needs a home.

    free to anyone with a video cassette recorder!

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

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Matt

    There are a lot of different personal interpretations of the new National Consumer Credit Protection Act 2009 floating around but little legal case law to rely on, simply because it is such new legislation.

    My thoughts are, why rely on personal, untested interpretations of the legislation when it's so easy to get ACL Coverage for your instalment contracts (wraps)?

    Cheers,  Paul

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    I totally agree with you Paul.

    Always better safe than forking out for court costs and being sorry.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

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