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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.
plenty of lenders to 80% for self employeds out there, only need accountants letter .. rates are close to major banks now from 6%
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 …
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.
Maybe invest in an unlisted property trust .. Returns can be good and usually spread over different property types