Hi,
I am living in Japan at the moment and am considering getting a loan and buying an investment property here. The property will be cash flow positive with rental income exceeding mortgage payments
My question is, will this make it harder for me to get a mortgage when I return to live in Australia? Ie will they say I have too much debt without really considering the overseas property as an asset or the income from it?
Regards, Rick.
You must declare all loans. So it if is in your name or your guarantee the loan then yes it will affect borrowing capacity.
But you may also be able to claim the income from the property, depending on a few things.
More complex than usual, but doable still.
It is generally difficult to get an investment property loan in Japan. How will you go about that?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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