Is it possible, with the right amount of money, to go into a bank and set up a loan where u are buying 3 stand alone properties (or more) on the same mortgage contract?
Yes.
A better alternative I would suggest is that you avail yourself of a professional package loan. This will allow you to finance as many properties as you need with only one annual, deductable fee of $275 – 375 depending on the lender.
You will avoid multiple application fees and valuation fee. You will also get a significant discount on the interest rate that should more than make up for the annual fee.
More importantly you should also avoid securitising each property against the other.
Cheers,
Simon Macks
Mortgage Hunter
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
so Pinky you need a “Blonde Professional Loan”.. LOL
[
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Arty.[
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