Wraps/Flings

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From: Anonymous


What is a wrap?

What is a fling?

Please remember there are people on L Plates ~ struggling to stay in the loop.

Thanks.
 
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Reply: 1
From: Anonymous


A fling is where you have a short relationship with someone..Maybe a few flings with rich women could get me out of the rat race sooner :)

What was meant to be written was FLIP

I will leave it to someone more experienced than I to explain wraps and flips.

Think of a wrap as you financing someone else - Vendor Financing, basically..

Flipping, in my understanding is locating the deals, negotiating them and then "flipping" them to someone with less time or skill and (maybe)more money (making a profit on the way)

Please correct me if I am wrong, someone
 
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Reply: 1.1
From: Paul Zagoridis


On 8/3/01 12:16:00 PM, Anonymous wrote:
>A fling is where you have a
>short relationship with
>someone..Maybe a few flings
>with rich women could get me
>out of the rat race sooner :)
[snip]
>Please correct me if I am
>wrong, someone

Actually a fling with some rich MEN is far more likely to get you out sooner ;-) (The lesson being to go where the market is)

Definitions of flips and wraps are in the Apprentice Millionaire section. Wealth of information there.

Paul Zag
Dreamspinner
 
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Reply: 1.1.1
From: Anonymous


Actually, I was once asked to Flip whilst having a fling. I was quite Wrapped with the idea, and had no Option but to show a higher rate of Interest.
 
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