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  1. K

    Wrapping Finance - Advice sourght Pls

    Getting sleepy Mike I can't sleep - its too bloody hot here tonight! And my typing is getting worse and worsesdv.dkb dksdjksdhs... . :D Andrew
  2. K

    Wrapping Finance - Advice sourght Pls

    Mike's Wrap Explanation Hi Mike Thanks for the explanation. Are you based in Australia or the UK? I'm amazed that anyone else would be up this late - 3:55 am Cheers, Andrew :)
  3. K

    Wrapping Finance - Advice sourght Pls

    Wrap with a Lease Option Hi Mike Can you please explain a Wrap with a Lease Option. It sounds similar to what I am doing but I believe the strategy I use with Lease Options may well be very different. I am just learning about wraps myself. I have seen the term Wrap with a Lease Option...
  4. K

    Wrapping Finance - Advice sourght Pls

    Re: Lease option Mike Hi again. The Lease option agreement used in the Katalyst system doesn't require a changing of the title on the deed at a later date. A caveat is placed on the title deed until the Buyer Tenant exercises their Option to buy or they walk away from the deal - which...
  5. K

    Wrapping Finance - Advice sourght Pls

    Mike's Answer Hi Mike Thanks for the information. You certainly have a lot of expereince with different country's lending codes it would appear. At least enough to keep you alert. Curious? Did you find this out through trial and error? You have prompted me to make a few...
  6. K

    Wrapping Finance - Advice sourght Pls

    Lease Option finance Hi Mike Was interested in your comments about the "Due on Sale" clause which seems to frustrate Wrappers. Like Lesley, I would like to understand this a little more in the Australian context. Re: Lease Options - the same is not necessarily true in Australia! This...
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