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Hi Snez Maybe you need to speak to a fabulous accountant like Dale to minimise the amount of tax you need to pay... hehehe

Hi Snez Yes, I remember chatting to you. Asking how much profit one makes on a wrap is like asking how long a piece of string is - there are so many variables. Most important are the price of the house. the LVR you've borrowed, the interest rate you've borrowed at and onsold at, deposit you...

Hi BV I try to be flexible, but usually they require the FHOG plus something of their own. I aim for $10,000, but don't always quite get there! I know Rick Otton says that if you're wrapping more expensive houses, then the deposit needs to go up accordingly.

Hi Older Investor The fact that you are borrowing the money (ie the LOC) to invest has a plus and a minus. The plus is that you can claim the interest costs as a tax deduction, which helps you reduce your tax at the end of the financial year. The minus is that you need to be earning at least...

Hi Older Investor Wow, that's a big ask! I took a look at what sort of returns I give my investors currently (I do wraps) to see how it would look after 3 years, starting with $288,000. For a straight 3 year investment of funds only, I would pay 15%. So the figures year by year: Start Year...