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We've been doing vendor finance deals for a long time... Hi all, My partner Jack and myself have established a very successful full time business since 2003 doing vendor finance deals. There is indeed a big demand for this type of finance especially as, now more than ever the banks have...

Hi there, On the question of whether you (and your wife) still own the property after you have wrapped it- the title remains with you until your buyer has re-financed out so if your wife's name is on the original contract when you bought it,she will be entitled to half the proceeds of the...

Hi Rolf, Well,that is an interesting experience. It depends on buyer interest and also if banks use a go-between to market a property. Come to think of it, we did buy one property for one buyer that had been taken back by the bank but the "broker"(not sure what his title would be) was pretty...

Actually,JCS, if you've bought on a wrap you can sell the house as long as you get at least the price you've agreed to pay the vendor! If you get more than this, as is likely if you've been in the property for a while or done some renos to it,you get to keep the extra money! Property always...

Hi Again, Actually, Richard, I did state that we get our buyers first and that they go and find houses at the price we both agree that they can afford. We actually ask them to do a list of 5 or so so we can negotiate well as we(or our investor) is buying it initially. I also said that we...

Like Paul and Karen... We too have been running a vendor finance business for over 5 years and have done a similar number of transactions. This is our full-time business. Unlike them we get our buyers first as we feel that if they find the house they want within the price range we feel they...

Hi Xenia Hi Xenia, Sorry Jack and I missed meeting you when we came and did our Wrap Presentation in Adelaide at your group's meeting last October (I think). Rod Schofield,one of our investors, invited us but you were about to have your baby if I recall correctly! Hope it all went...