I’d like to buy a cash flow positive investment property, but have no borrowing capacity through traditional lenders, who want to scrutinise my financial position (not pretty).
Companies will not be helpful. I need someone for whom the property itself will be sufficient security for the loan. No tax returns or financial statements
Does anyone know if there are private, individual lenders who are willing to take a mortgage over a property with an LVR of 90-100%?
Or am I dreamin’ (again)?Andrew Scott
https://feelgoodhomes.com.au
Email MeHi EH
No hate to say you are certainly dreaming.
Every lender is going to want to analyse your financial position to ensure their debt can be repaid.
They are going to want to see you can service the loan thru income whether that be traditional payslips, Tax returns, BAS or Accountants Certificate.
Even with a non coded loan a private lender / financier will not go that level without ANY form of income evidence.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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