All Topics / Help Needed! / Purchasing a Rent Roll

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  • Profile photo of young_investor1988young_investor1988
    Member
    @young_investor1988
    Join Date: 2009
    Post Count: 24
    November 2, 2011 - 11:45 am

    Hi guys,

    I'm looking at purchasing a residential rent roll in Adelaide. After 6 years in the industry I'm keen to spread my wings and do it my own way.

    Does anyone have any information on how financing for a rent roll works? Am I able to use equity from my 2 investment properties to assist with the purchase or will banks require cash?

    If anyone has purchased a rent roll or has assisted with the finance process for someone purchasing a business, any tips you may have would be greatly appreciated.

    Thanks in advance.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    November 2, 2011 - 12:19 pm

    HI YI

    Both financed a few and also own one myself here in Brissie.

    Certainly you can use equity in IP's as collateral security but you should still be able to borrow against the value of the rent roll.
    Havent done one for 6 months or so but you are still able to get circa 50-60% of the value of the roll.

    Going to depend on the business valuation and must admit i dont know who those rent roll lenders use in Adelaide.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of young_investor1988young_investor1988
    Member
    @young_investor1988
    Join Date: 2009
    Post Count: 24
    November 8, 2011 - 11:06 am

    Thanks for the feedback Richard – certainly sounds possible!

    Cheers,

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