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 2-3 town houses to sell, and repeat.
I estimate that for my first time I will be able to provide half the total cost of buy/build, and the lender to provide the other half.
Or it can be that I buy the property and get a loan to subdivide/develop.
Any advice from 'old hands' out there would be greatly appreciated.
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 2-3 town houses to sell, and repeat.
I estimate that for my first time I will be able to provide half the total cost of buy/build, and the lender to provide the other half.
Or it can be that I buy the property and get a loan to subdivide/develop.
Any advice from 'old hands' out there would be greatly appreciated.