TerrywParticipant@terrywJoin Date: 2001Post Count: 16,190
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.Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,018
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.
Yours in FinancePaul DobsonParticipant@pauldobsonJoin Date: 2003Post Count: 1,196
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:
(Disclosure – it's our website)
Good luck with your new Kit.
Cheers, PaulmattnzParticipant@mattnzJoin Date: 2007Post 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.TerrywParticipant@terrywJoin Date: 2001Post Count: 16,190Paul DobsonParticipant@pauldobsonJoin Date: 2003Post Count: 1,196
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, PaulRichard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,018
I totally agree with you Paul.
Always better safe than forking out for court costs and being sorry.
Yours in Finance