If you had missed Step 1 to Vendor Financing on Research and Step 2 on Buying the House, then go back to my videos and listen to them again.
Step 3 to Vendor Financing where you go through the process of Wrapping a House.
Now that you have decided on the house that you want to buy, let’s get it ready for wrapping.
Here’s how you wrap a house.
Find a wrappee - the person you are on-selling the house to. You can find a wrappee or buyer by advertising for a person who cannot get a bank loan or has not enough deposit to go to a bank or has a mark on their credit report. Just go to creditsavvy.com.au to get your Free credit report.
Once you find a wrappee, check their credit report and their employment history. Check their bank statements and pay slips. This is when you can determine if they can afford the payments for the home.
The solicitor of the Wrapper or Vendor, that is you, will prepare the documents for the wrappee which contains all the payments and conditions. On page 23 in The Aussie Wrappers Complete Guide you will find all this information which you can purchase online on aussiewrapper.com.au/vip
Your solicitor then sends the Instalment Contract this is what the contract is called using Vendor Finance to the wrappee’s solicitor.
The rates, water and Insurance are also worked out by the wrappers solicitor.
Did you know that you can sell the house to your buyer by an agreed instalment plan? Read here to find out more.
As the wrapper the Vendor you must make sure you can afford the first mortgage.
I have invited Tony Cordato, a solicitor in Sydney who specialises in Vendor Financing to clarify any concerns you may have from a legal perspective. So stay tuned and subscribe to this Aussie Wrapper YouTube channel so you won’t miss the next episode of Vendor Financing Legalities Q&A.
You can make multiple income streams a reality through vendor financing. I have made $307,000 doing Vendor Financing part time. I thought owning investment properties through negative gearing was a good way to beat the tax man. It was not so, as many who had gone through negative gearing had lost the opportunity to build monthly positive cash flow.
After doing vendor financing for 30 years, I wanted to share this knowledge with you so you can start creating your own positive cash flow.
I have mentioned the Aussie Wrapper's Complete Guide several times. It’s a compilation of all my knowledge and expertise which I had been selling for $3,440 that helps you beat the negative gearing rat race and build yourself a positive income stream.
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 now at a 71% discount for $997:
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.
A consultation call with me to answer any questions you may have on Vendor Financing.
6 PDF courses emailed to you fortnightly.
Email support in case you have any questions on vendor financing.
Industry contacts so you can get all the support you need to wrapping a house successfully.
7 Biggest Fears DVD. All Heroes need assurance so this is a good motivational piece.
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 for only $997. I’m here to help you create wealth, so jump on.
If you have any questions, place them in the comments or email to Paul@aussiewrapper.com.au.
See you soon.
Paul Zalitis, and I am The Aussie Wrapper helping you generate wealth
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.
Subscribe to our YouTube channel to learn more about Property Vendor Financing - https://www.youtube.com/@paulzalitis
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