Posted by Doug Pretorius on October 17, 2003 at 11:03:57:
Apologies, when I say “wrap” I’m referring to any form of ‘wraparound’ financing, be it wraparound mortgage/AITD, land contract or lease/option.
Personally I use land contracts because of the favorable legal status here in Ontario, they do not require foreclosure. While they give my occupants more of a sense of ownership because of the wording (i.e. “Purchaser” instead of “Tenant/Buyer”.)