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  • Profile photo of ModonnellModonnell
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    @modonnell
    Join Date: 2012
    Post Count: 5

    aslon as it services it sholdnt bea problem , it is not uncommon for people with high incomes to live” well” so they usually have no problem showing servicing , especially when rates are as low as they are and there a nuer of products n th eno genuine savings category.

    Profile photo of ModonnellModonnell
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    @modonnell
    Join Date: 2012
    Post Count: 5

    plenty of lenders to 80% for self employeds out there, only need accountants letter .. rates are close to major banks now from 6%

    Profile photo of ModonnellModonnell
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    @modonnell
    Join Date: 2012
    Post Count: 5

    a bank would certainly consider this as long as you did it in stages by financing against the property for initial costs and then once approved re-apply based on the new end value …

    Profile photo of ModonnellModonnell
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    @modonnell
    Join Date: 2012
    Post Count: 5

    It is most important to set up a suitable structure in the begining that allows future investors to enter into your project or jv , something like a unit trust where you can bring new investors / partners in as unit holders ie set the trust up with 100 units which you own , then sell  amounts of units off relative to the value of the property . Also make sure your lender can provide a non recourse loan otherwise your partners may need to also guarantee the loan. 

    Profile photo of ModonnellModonnell
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    @modonnell
    Join Date: 2012
    Post Count: 5

    Maybe invest in an unlisted property trust .. Returns can be good and usually spread over different  property types 

Viewing 5 posts - 1 through 5 (of 5 total)