I will be going into property investment with a friend of mine soon, we are wondering what our options in terms of getting finance are. I am wondering if private lending is worth giving a go and how to go about getting it . any suggestions at all ?
You will probably find the rates for private lending are much higher than normal. Why do you want to go down this path?
Terryw
Discover Home Loans
Parramatta
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If you decide to buy with a friend i would suggest you purchase as Tenants in Common.
As Terry points out why would you go for private finance as a traditional style loan would be just as available and a lot cheaper all round.
Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
[email protected]Richard Taylor | Australia's leading private lender
oh ok so you don’t reckon that we would have too much of a hard time getting a loan. oh and another thing its commercial property we would like to go into
And to answer your question terry i was for whatever reason under the assumption that they are more more investor friendly than some institutions [blush2]
If it is a Commecial property i think it would be easier to go for a traditional style loan rather then Private Finance.
Private investors don’t alwlays understand Commercial Lending and tend to be a little LVR shy.
Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
[email protected]Richard Taylor | Australia's leading private lender
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