Hopefully not a silly question…
What if an Australian investor invests very successfully overseas (for example in UK), and the investor gets very good positive cash flow, then turns his/her attention to Australia.
It is possible to get loan in Australia by using the cash flow from overseas investing?
Say, if someone invests in UK property successfully and gets 200K positive income even after tax per year (that’s almost 16K per month)…. in this case, would the Australian lenders say “nope, that’s not Australian local income, therefore no loan for you”?
Would they say “nope, that’s not a payslip via a job, so no loan for you”?
Overseas rental income is taken into account here.
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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