All Topics / General Property / “We want your house” etc query

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of tommytuckertommytucker
    Participant
    @tommytucker
    Join Date: 2010
    Post Count: 82

    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.

    Profile photo of JpcashflowJpcashflow
    Participant
    @jpcashflow
    Join Date: 2007
    Post Count: 575

    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
    Email Me | Phone Me

    Your first port of call in finance :)

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,018

    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 | 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 vagirl2012vagirl2012
    Participant
    @vagirl2012
    Join Date: 2012
    Post Count: 47

    I've always though they looked a bit dodgy, thanks for confirming it Qlds007!

    Profile photo of tommytuckertommytucker
    Participant
    @tommytucker
    Join Date: 2010
    Post 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…

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,018

    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 | 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 LeeMilligan123LeeMilligan123
    Participant
    @leemilligan123
    Join Date: 2014
    Post Count: 8

    Trying to achieve out of this it would be great to someone who has experience in this.

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

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