financing an IP?

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From: Chris P


CAN ANYONE GIVE ME SOME INFO ON A BANK ETC WHERE THEY WILL LOOK AT YOUR CASH FLOW BUDGET ON AN IP FAVOURABLY?I HAVE A COMBINED EQUITY OF $47000 IN TWO PROPERTIES AND I AM HAVING TROUBLE FINANCING FOR $150000..REGARDS CHRIS
 
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Reply: 1
From: Rolf Latham


Hi Chris

Can only suggest you find yourself a good independent broker, that way you get to do most lenders service models without any leg work.

Ta

Rolf
 
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Reply: 2
From: Guy Wood


Hi Chris,
Go for an independent broker. Look for someone who has their own IP's, as I've spoken to some who still think like bank employees, even though they no longer are.
If you're feeling bold get your financials into a really neat package & put your business out to tender, approach 3 or 4 brokers & tell them that the one who presents you with the most attractive deal within ...... working days gets the business.
Cheers,
Guy
 
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