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Hi folks,
Are there any lenders that have favourable serviceability views when it comes to Parental leave? My wife is on 12-months leave from work, and with our income now halved, feel like all the major lenders don’t want anything to do with re-financing or/and pre-approvals.
Admittedly we were already ‘maxed out’ with IP’s, but surely there’s options for high equity/low cash Investors like ourselves.
Cheers in advance!
Hi Nigel,
Sounds like something I might be interested in getting involved with.
Do you have any more information of links to send through? Interested in how the buying/finance works for this U.S. options also..
Hi Daniel and co.
I have had similar thought’s also, and am sure that a trust (or multiple trust) structure was how some investors have 50+ properties.
As I understand it, you can max your burrowing with trust A serving as a guarantor with your income. Then open Trust B and use your income again in with a ‘fresh’ serviceability as the serviceability of Trust B does not take into account Trust A.
Is this somewhat correct?
I have bought through a couple different ones recently.
Frank Valentic – Advantage Property (VIC based)
Bought a couple ‘group block’ properties, which is a strategy where the whole block of units/apartment is bought in bulk (cheaper then there individual value) and later subdivided and fully externally renovated – adding quick value and equity.Scott O’Niel – ReThink Investing (QLD based)
Bought a couple of Cash flow positive properties through him I would have otherwise not really considered. Does a due diligence to the scope of property your looking for as well as the key criteria (in his companies foundations) to what boxes should be ticked.I Guess both use elements of Steve’s strategies, with the fundamentals of buying below market value strong in both strategies. Hope that helps!
Thanks Terry,
Thought that may have been the case. Is there any ‘legal’ loop holes to explore?
