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From: Michael Duffy
Hi all readers
I am a 35 year old builder with a young family I own my own property complete with unfinished house its worth at least $600,000.00 as is, we have got an investment farm worth $100,000.00 which we owe $40,000.00. My problem is as a self employed builder my bank only wants to lend money which reflects my end of year income which my accountant always seems to get to about $30,000.00. How do I get around this problem and looking at my equity what should I be looking to borrow.
thanks
Michael
Hi all readers
I am a 35 year old builder with a young family I own my own property complete with unfinished house its worth at least $600,000.00 as is, we have got an investment farm worth $100,000.00 which we owe $40,000.00. My problem is as a self employed builder my bank only wants to lend money which reflects my end of year income which my accountant always seems to get to about $30,000.00. How do I get around this problem and looking at my equity what should I be looking to borrow.
thanks
Michael
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