I've read so many books, articles, etc - then i ask myself a simple question and don't seem to come up with the answer. So before i go back to the books has someone got a simple explanation for the following question:
My husband is self employed - we need low doc loans. I am not working.
I want to buy IP's, lots of them not 1 per year - my strategy is buy, renovate, keep or sell. Let's assume they will all be cash flow positive.
How do i keep buying properties? Won't our serviceablility for the loans run out? Can I get 20% deposit on low doc (my bank says 60% but I don't think so for all banks). What am i missing?
Thanks
My husband is self employed - we need low doc loans. I am not working.
I want to buy IP's, lots of them not 1 per year - my strategy is buy, renovate, keep or sell. Let's assume they will all be cash flow positive.
How do i keep buying properties? Won't our serviceablility for the loans run out? Can I get 20% deposit on low doc (my bank says 60% but I don't think so for all banks). What am i missing?
Thanks