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How do you make it affordable for the purchaser if they can't afford bank finance but still take a premium above cost of funds to make it worth your while? I just cannot see how the numbers work.

Maybe it's just my impression but I get the sense that a lot of wrappers go into it wanting their low income purchasers to fail so they can confiscate the proceeds and sell it off to some other sucker. So it is a form of exploitation because if the banks won't lend to them they don't have a...

Let's put it this way. Anyone that has to advertise using hand written signs tacked onto telegraph poles is not doing very well. But its the ones with fancy showrooms, expresso machines and marble floors that are truly dangerous.

The only plausible explanation is that it is an equity draw down in which case it's hardly buying the prop for a dollar. If he's sprinkling options that's not "buying" a property that's entering into an option. *edit* iPad auto correct of "spruiking" to "sprinkling" is so awesome I will leave...