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From: Dean Stevens
Evening All,
I'm currently looking for inspiration, advice, & the opportunity to pick anyone's brains.
I can't recall this being discussed before on the forum, so apologies in advance if it has.
The situation:
1. We would like to buy an IP overseas(o/s). A good opportunity.
2. We currently have equity of approx. $200,000 in our own home in Melbourne. We presently do not have any IPs. Our current mortgage is with the Bank of Melbourne.
3. We have been reliably informed by one of the top mortgage brokers that we can't use the equity in our property to buy o/s. Subsequently we haven't contacted any Australian lenders.
4. We do not have any IPs at the moment but wish to buy here in Australia as well as o/s (achieve a balanced & diversified portfolio).
Do Australian lenders really care where the IP is located?
What do you think are our options?
Does anyone know of any Australian lenders who look favourably on o/s IPs?
Any suggestions on how to do the deal (the numbers stack up, we just need to get our hands on the finance)?
All options are welcome and will be considered. Simple or creative answers appreciated.
Thanks for listening.
Keep up the excellent debate.
Regards
Dean
Evening All,
I'm currently looking for inspiration, advice, & the opportunity to pick anyone's brains.
I can't recall this being discussed before on the forum, so apologies in advance if it has.
The situation:
1. We would like to buy an IP overseas(o/s). A good opportunity.
2. We currently have equity of approx. $200,000 in our own home in Melbourne. We presently do not have any IPs. Our current mortgage is with the Bank of Melbourne.
3. We have been reliably informed by one of the top mortgage brokers that we can't use the equity in our property to buy o/s. Subsequently we haven't contacted any Australian lenders.
4. We do not have any IPs at the moment but wish to buy here in Australia as well as o/s (achieve a balanced & diversified portfolio).
Do Australian lenders really care where the IP is located?
What do you think are our options?
Does anyone know of any Australian lenders who look favourably on o/s IPs?
Any suggestions on how to do the deal (the numbers stack up, we just need to get our hands on the finance)?
All options are welcome and will be considered. Simple or creative answers appreciated.
Thanks for listening.
Keep up the excellent debate.
Regards
Dean
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