Recent content by yc1

  1. Y

    Capital rich (relatively) but income poor

    tobe, where do you look to find potential joint venture partners?
  2. Y

    Capital rich (relatively) but income poor

    Terry_w, willy1111, wylie, thank you for your responses. I do have a registered company, but for the same reasons as for myself it cannot show any income for the last 2 years. What I am looking for is a progressive development loan, I guess, which will be secured by the purchased property...
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    Capital rich (relatively) but income poor

    The Y-Man, the capital would be in the form of money in the bank, so yes, it will be liquid.
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    Capital rich (relatively) but income poor

    Peter Tersteeg, thanks for your reply. What you said about loan requirements is about what I expected, saddly. It is an odd situation when you have reasonable capital, yet can't get a loan. Your advice about getting into another form of business is my plan B - I anticipate generating...
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    Capital rich (relatively) but income poor

    Ace in the Hole, health issues have kept me from being able to work. Not likely to be able to return to my profession (IT) due to age and number of years out of circulation.
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    Capital rich (relatively) but income poor

    Greetings, I am in a position of having some capital but not being able to show income for the last 2 years. What are my options in terms of getting a property investment loan? Are there any lowdoc lenders in Victoria? My plan is to buy a property in Melbourne, subdivide and build...
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