Recent content by Dave

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    No money in the deal

    We just did a deal where the contract price is $105k in a $130k suburb, we will pay the vendor $80k at settlement and the remainder $25k in 3yrs at 7% interest only with a balloon payment at the 3yr mark. Took a bit to get the vendor to agree but just want to let you know it is possible...
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    Wrap explanation

    It's ok if they cash you out because it's better to make a profit and go on to your next house than to just let it sit vacant and costing you money. Sure you miss out on a little bit of interest, but i would just take the profit and move onto the next house. The same thing happened to me and...
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    what are wraps???

    Head over to www.positivecashflow.com.au They have a 5-part wrap course which you can do through email for free. I found it very good and it's aimed at people new to wraps.
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    Wrap explanation

    Ray, Take a look at www.positivecashflow.com.au and request the 5-part wrap course that they offer. It's a free email based course and explains pretty much everything you know about understanding what a wrap is. Dave.
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    Wrap Pack?

    it's a good pack and well worth taking a look at. I would take a look at www.positivecashflow.com.au, they're selling both rick's and steve mcknight's packs as a bundle for a pretty good price. It would be perfect if your looking at starting out in wrap game.:)
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