- tommytuckerParticipant@tommytuckerJoin Date: 2010Post Count: 82
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
Tom.JpcashflowParticipant@jpcashflowJoin Date: 2007Post Count: 575
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 thisRichard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
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.
Yours in Finance
Richard Taylor | Australia's leading private lendervagirl2012Participant@vagirl2012Join Date: 2012Post Count: 47
I've always though they looked a bit dodgy, thanks for confirming it Qlds007!tommytuckerParticipant@tommytuckerJoin Date: 2010Post Count: 82
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 TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
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.
Yours in Finance
Richard Taylor | Australia's leading private lender