Hi all,
My broker cannot answer the question so hope anyone shed me a light.
My overseas relative won lotto and send 500k cash to Melb in order to buy a property in joint venture with me. The issue is I already bought the third IP 2 months ago and seems reaching the borrowing limit for around 8 months to have the income recovered.
With half a mill cash, will any bank be happy to lend me some? I not expect 80% leverage but even 50% is good enough.
Cheers.
My broker cannot answer the question so hope anyone shed me a light.
My overseas relative won lotto and send 500k cash to Melb in order to buy a property in joint venture with me. The issue is I already bought the third IP 2 months ago and seems reaching the borrowing limit for around 8 months to have the income recovered.
With half a mill cash, will any bank be happy to lend me some? I not expect 80% leverage but even 50% is good enough.
Cheers.