WRAP what is it again

W

WebBoard

Guest
From: Kevin Hines


New to the forum and have been doing research for only a few weeks. I have read what a wrap is but have forgotten. Can't find literature. Please explain.
 
Last edited by a moderator:
Reply: 1
From: .watto .


Simply put Vendor Finance....

You buy a property, find someone to on sell it to at a marked up price and then WRAP the finance at a small % above your banks rate, known as the spread.

There are many ways to stir the pot and others may add their opinions or correct me if i'm wrong......


Cheers
Watto
Melb Freestyler
 
Last edited by a moderator:
W

WebBoard

Guest
Reply: 1.1
From: Rick Otton


a wrap is when you finance something that is already financed ,you can do this with many things like cars and houses.....but houses tend not to move

when a builder sells you a home unit with vendor financing for the first two years if he has underlying finance on the development himself then he is creating a wrap around mortgage to you.
Rick-www.creativerealestate.com.au
 
Last edited by a moderator:
Reply: 1.1.1
From: J Parker


Kevin,

Hit the search button and put in Wraps. Happy reading! You will find lots of information regarding this topic.
Cheers, Jacque :)
 
Last edited by a moderator:
W

WebBoard

Guest
Reply: 1.1.1.1
From: Kevin Hines


Everybody,

Thanks for the help.

Kevin.
 
Last edited by a moderator:
Top