"We want your house" etc query - PropertyInvesting.com

Viewing 7 posts - 1 through 7 (of 7 total)

tommytucker
Participant
@tommytucker
Join Date: 2010
Post Count: 82
March 4, 2014 - 9:22 am
Hi all
I've been seeing these signs around for years now and first came across them right after I became interested in property. Are generally they tied in with Steve McKnight / Rick Otton type wrap deals or is there something further that I am missing. A lot of them I've seen say they have cash waiting to buy so thee is no subject to finance clause.
I'm just curious, nothing further than a query
Cheers,
Tom.
Jpcashflow
Participant
@jpcashflow
Join Date: 2007
Post Count: 575
March 4, 2014 - 10:04 am
Hi
i have seen many of these signs, in fact I called one and said on your sign u will pay any price for any home!!
that was not the case!!! Lol
not to sure what people are trying to achieve out of this it would be great to gwt
some one who has experiences this
Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
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Your first port of call in finance :)
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
March 5, 2014 - 12:39 pm
Nope not missing anything.
These guys are either involved in Vendor Finance or merely looking to take a Call Option against the property and flip it for a profit.
Nothing new there and always someone desperate who will call them.
Must admit when we work with a client on a VF strategy it is the last way we would do business.
Cheers
Yours in Finance

Richard Taylor | Australia's leading private lender
vagirl2012
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@vagirl2012
Join Date: 2012
Post Count: 47
March 7, 2014 - 1:25 am
I've always though they looked a bit dodgy, thanks for confirming it Qlds007!
tommytucker
Participant
@tommytucker
Join Date: 2010
Post Count: 82
March 7, 2014 - 6:08 am
So Richard, VF is your last resort? It's always seemed like a lot of effort for little reward to me, unless you can put together 135 deals in 3.5 years…
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
March 7, 2014 - 2:46 pm
Hi Tommy
No not at all.
What i am saying for a VF client we would never advertise on a tree or lamp post that we want to buy your home and then try to on sell it.
There are many better ways of joining the dots.
VF is an excellent strategy to increase your cash flow to pay down your buy and hold debt and certainly recommend it as a balanced cash flow strategy.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
LeeMilligan123
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@leemilligan123
Join Date: 2014
Post Count: 8
March 24, 2014 - 5:41 am
Trying to achieve out of this it would be great to someone who has experience in this.