Forum Replies Created

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of RadicalsRadicals
    Member
    @radicals
    Join Date: 2011
    Post Count: 5
    May 17, 2013 - 7:11 am

    Thanks guys, going to educate myself a bit more first!

    Profile photo of RadicalsRadicals
    Member
    @radicals
    Join Date: 2011
    Post Count: 5
    May 17, 2013 - 5:20 am

    Thanks Xdrew, I'll start talking to people and finding out layman's understandings of the various roles, good idea I think..

    Profile photo of RadicalsRadicals
    Member
    @radicals
    Join Date: 2011
    Post Count: 5
    January 22, 2011 - 10:51 pm

    OK, for future reference, what is the next step if I have found a property with a good rental yield?
    I imagine I would call up the RE agent and ask for proof of rent (to make sure the quoted rent price is legitimate) and tenancy records for the past 12-36 months, can I do that?
    (By records I just mean when it was tenanted during the period, not their personal info!)

    And question #2:
    If you could show a bank, on paper, that you have found a rental property to buy which has a high rental yield as well as a high tenancy rate, and that the rental income is greater than the mortgage payments, would they be keener to approve a mortgage for you?

Viewing 3 posts - 1 through 3 (of 3 total)