From: Yuch .
12% is a reasonable yield for a wrap.
However, with wraps you get the $7000 FHOG whereas buy&holld you don't, and
the $7000 pay off all my initial costs for that property therefore my
return is infinite!! Is this not good enough?
Regards,
Yuchun Chen
Market Management Systems
NEMMCO Ltd
(02) 8838 5042
I am the Master of my FATE, the Captain of my SOUL, but a Slave of my
STOMACH
"propertyforum Listmanager"
<[email protected] To: (Recipients of 'propertyforum' suppressed)
al.com.au> cc:
Subject: 12.5% or better
27/09/2001 17:12
Please respond to "Property
Investor Forum"
From: "Sly Dog" <[email protected]>
So 12% is a good return for a wrap!? I've just opened up a 'Realtor
Magazine' that gets sent to me and there are 2 x 1 bed units showing 12.5%
gross on asking price. Asking $32,000 and $29,500. Location = Queanbeyan
NSW.
Why would you wrap? Borrow at 6.5% fixed for 5 years, and that 6% to you!
Oh yeah, you could probably get the gross over 13%, and you get to keep it
if you want too
Sly Dog
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This e-mail is confidential. If you are not the intended recipient, any use, disclosure or copying of this document is unauthorised and prohibited. If you have received this document in error, please delete the email and notify me by return email or by phoning the NEMMCO Helpdesk on 1300 300 295.
12% is a reasonable yield for a wrap.
However, with wraps you get the $7000 FHOG whereas buy&holld you don't, and
the $7000 pay off all my initial costs for that property therefore my
return is infinite!! Is this not good enough?
Regards,
Yuchun Chen
Market Management Systems
NEMMCO Ltd
(02) 8838 5042
I am the Master of my FATE, the Captain of my SOUL, but a Slave of my
STOMACH
"propertyforum Listmanager"
<[email protected] To: (Recipients of 'propertyforum' suppressed)
al.com.au> cc:
Subject: 12.5% or better
27/09/2001 17:12
Please respond to "Property
Investor Forum"
From: "Sly Dog" <[email protected]>
So 12% is a good return for a wrap!? I've just opened up a 'Realtor
Magazine' that gets sent to me and there are 2 x 1 bed units showing 12.5%
gross on asking price. Asking $32,000 and $29,500. Location = Queanbeyan
NSW.
Why would you wrap? Borrow at 6.5% fixed for 5 years, and that 6% to you!
Oh yeah, you could probably get the gross over 13%, and you get to keep it
if you want too
Sly Dog
To reply: mailto[email protected]
To start a new topic: mailto[email protected]
To login: http://bne003w.webcentral.com.au:80/~wb013
------------------------------------------
This e-mail is confidential. If you are not the intended recipient, any use, disclosure or copying of this document is unauthorised and prohibited. If you have received this document in error, please delete the email and notify me by return email or by phoning the NEMMCO Helpdesk on 1300 300 295.
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