Hi guys,
I went to this seminar, where the speaker bought cash flow property with 80% loan + 20% vendor finance, which sounds very attractive especially for people who don't have much deposit and low income.
Anyone done that?
In terms of mortgage, will lenders give loan on regional property with yields 10%+? Can low income earners, or maybe unemployed get the loan (as the rent will cover the repayment)? Does buying property with high yields increase borrowing capacity?
I went to this seminar, where the speaker bought cash flow property with 80% loan + 20% vendor finance, which sounds very attractive especially for people who don't have much deposit and low income.
Anyone done that?
In terms of mortgage, will lenders give loan on regional property with yields 10%+? Can low income earners, or maybe unemployed get the loan (as the rent will cover the repayment)? Does buying property with high yields increase borrowing capacity?