The second step to Vendor Financing - BUYING THE HOUSE

Previously I talked about RESEARCH on the kind of house you would want to buy.

Once you have decided, the next step is to BUY THE HOUSE and plan to wrap the house at the same time.

We will talk about the steps in wrapping the house in the next video. Meanwhile,

let’s buy the house.

Step 2 in Vendor Financing: Buy the House and Wrap it at the same time

1. Sort out your bracket on what price house you can afford to purchase.

2. You need to go to the bank to see how much money they will lend you to purchase the house. For example you would need $600,000 and 20% deposit which is $120,000 for a loan from the bank. So the bank can lend you $480,000. This will give you a better idea of how much you can pay and how much you can place onto the house when you on-sell it to the wrappee.

3. You don’t have to be a maths whiz. You just have to know what you can purchase the house for, what you can afford to pay for that house and what the other clients purchase that house for. You can work out quite easily whether there is a profit in a deal for you even before you purchase a house. You can then quickly decide to negotiate or not.

4. Use terms in your offer: Vendor is to give Vacant possession. The sale is conditional on satisfactory building and pest inspections and on the unconditional approval of finance. All other offers are explained in The Aussie Wrappers Complete Guide on P.17.

You can purchase a home over any period of time. I recommend a long settlement between 60-90 days so you can start advertising the house and getting clients through the house. When you purchase the house you can sell it to them very quickly. You promote the house before it goes unconditional.

You can make multiple income streams a reality through vendor financing.

The Aussie Wrapper Complete Guide is available to you.

Let me tell you what you get in the Complete Guide which will help you make multiple income streams a reality through vendor financing. To purchase the complete guide, go to aussiewrapper.com.au/vip.

Here’s what you get with The Aussie Wrapper Complete Guide:

1. You get a Complete Guide folder with all the guidance you’ll need to build positive cashflow through Vendor Financing. This is a wealth of my knowledge and expertise collated and updated over 30 years to give a really good head start to Property Vendor Financing.

2. A consultation call with me to answer any questions you may have on Vendor Financing.

3. 6 PDF courses emailed to you fortnightly.

4. Email support in case you have any questions on vendor financing.

5. Industry contacts so you can get all the support you need to wrapping a house successfully.

6. 7 Biggest Fears DVD. All Heroes need assurance so this is a good motivational piece.

7. The Australian Wrap report which gives you the insights, tips and tricks to Vendor Financing.

I want you to create your positive cash flow and wealth and at the same time help others who get rejected by the banks to own a home. It’s a win-win situation.

Go to aussiewrapper.com.au/vip for the Complete Guide. You get a 71% discount so you only pay $997. I’m here to help you create wealth, so jump on.

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About Paul Zalitis, the Aussie Wrapper

What I’ve been doing is helping mates create positive cash flow and helping them achieve their dreams of owning property and building their finances through Property Vendor Financing.