Recent content by rick otton

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    Consumer Protection Western Australia

    What did happen in WA and how did it happen? Hello its Rick Otton here I am stepping in to give a little more accurate information re WA? Western Australia passed legislation that people need a real estate license in order buy, sell or trade a property option as you were not the technical...
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    Naughty tenant

    Reply: 2.1 From: Rick Otton hey! i've just a call from my tenant saying he has been hit by somebody throwing things can anybody shed a light? Rick otton
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    To Wrap or Not to Wrap....

    Reply: 2.1.2.1.1.1.1.1.2.1.1 From: Rick Otton felicity their is numerous answers here. In the market place most wrappers find that with only three mortgage insurers insuring residential home loans you'll probably get stopped at say 10-15 houses depending what product you are using. 1/ you...
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    To Wrap or Not to Wrap....

    Reply: 2.1.2.1.1.1.1.1.2.1 From: Rick Otton "Also, how can wraps reduce the ceiling of deposits you can fund? I thought the opposite was the case". Dirk i'd like to answer your question but i'm not sure what you mean could you rephrase it please... Rick
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    To Wrap or Not to Wrap....

    Reply: 2.1.2.1.1.1.1.1.2 From: Rick Otton ok I may need to be a little clearer the two above posts were separate as the first one was saying you can use your positive-cash-flow houses in where ever suburb to support your waterfronts which have high capital growth,I did not mean to say you...
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    To Wrap or Not to Wrap....

    Reply: 2.1.2.1.1 From: Rick Otton ok so now i'm on a roll and you won't shut me up you go to double bay and find properties for 1 million which are appraised at 1 million which don't sell because they sit on the main road or they are pink or because they don't flow right or some other...
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    To Wrap or Not to Wrap....

    Reply: 2.1.2.1 From: Rick Otton of course it all depends 1/ if you use a lease option only 40% of buyers will exercise that option so this is a good instrument to use in a rising market why?...because 60% of the people will not exercise the option therefore you get the property back and the...
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    Wraps in WA

    Reply: 1.1.1 From: Rick Otton go to the association site www.financewraps.asn.au but you can do lease options like some guys do in Qld and S.A. or you can pay 1% fee of retail sale price to have a license or skip all the govt legislation and sell your houses principal payments only therefore...
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    Is a 'Wrap' a 'Lease Option

    Reply: 2.1.1 From: Rick Otton a wrap is the conclusion of the last scene shoot of a television series or a film a lease is when you date your mate's girlfriend and an option is when you marry her Rick otton
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    Areas to wrap ???

    Reply: 1.1.1.1.1.1.1.1 From: Rick Otton talking of wrapping lets all discuss it 7.30pm burwood R.S.L. feb 5th we got a wraps lawyer and a wraps lender speaking its the vendor finance wraps assn event everybody has been yelling at me to organize. phew. rick otton
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    Wraps Association has been Rebuilt!!

    Reply: 1.1.1 From: Rick Otton Mike put in http://64.177.102.34 then would you tell me what happens it should show up then
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    Wraps Association has been Rebuilt!!

    Reply: 1.1 From: Rick Otton could you believe it everybody in bloody australia gets the new site except me ,you and about one or two others who happen to have a certain bigpond cable which has caches in they're system which need to refresh hence i need to see the new site over at my...
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    Areas to wrap ???

    Reply: 1.1.1 From: Rick Otton they're profitable areas if you make a profit
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    Wraps Association has been Rebuilt!!

    From: Rick Otton it's now blue www.financewraps.asn.au
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    You are a WINNER!!

    You are a SPAMMER!! Reply: 3.1.1.1.1 From: Rick Otton spam spam spam spam spam spam spam spam you gotta have ssssssppppaaaammmmmmmmmm! .....oops,sorry got carried away....
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