All Topics / Finance / Obtaining Finace for CF+ property

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  • Profile photo of juderjuder
    Member
    @juder
    Join Date: 2007
    Post Count: 26

    Hi Guys,

    i am after some advice on how to obtain finance for a property that currently returns 9.5%gross and obviously so long as this is rented i would have no difficulty in making the loan repayments. This looks to be a good oppurtunity however i am not sure how or if i could obtain finance for this. My current situation means that i currently only have about 30k in equity, a loan of 97k and salary of approx 45k pa. The propety i am looking at is in the 300-350k range

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Hi Juder

    Additional information would be required before an accurate answer could be given but 100% loans on investment are available if the property security is acceptable in the way of a post code and the borrower is sound in the way of financials, credit history and employment history. 

    Richard Taylor | Australia's leading private lender

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