Hi all.
Looking for some advice. Here is the story (excuse the novel)
Hubby and I have a unit on the Sunshine Coast that is our PPR (Current equity around $55K)
I am self employed earning around $40K
Hubby is also self employed (but in a rapindly growing business) currently earning aorund $40K as well
My earnings won't change much in the future but hubby's is increasing very healthily and at the current rate will double in the next year.We currently lease business premises (lease is nearly up) and are looking at purchasing a factory unit to run the business from. We have found a suitable property( Asking price $495K – 248m2) that is too big for our needs at present. It is on a corner block and can be easily walled off for our use and then sub-let the rest. (Hubby is tradie so this is not a big deal)
I have done the budget and am happy we can service the loan BUT (isn't there always a but
) With all I have read about commercial valuations not coming up to value and with the limited equity in our PPR is there a loan option available to us??Thanks in advance
Cheers
Sue
) With all I have read about commercial valuations not coming up to value and with the limited equity in our PPR is there a loan option available to us??You must be logged in to reply to this topic. If you don't have an account, you can register here.
