With the Banks adding all these new requirements to lo-docs making them a poor mans full doc? I can't meet there requirements any more. Never fear I have another idea?
I'm looking other ways to source funding. I have something in my head that I'd like other people to view and say yay or nay to it working?
I personally loan my D-Trust the 20%+ closing costs, the property the trust buys with an 80%LVR loan. The property will be cashflow + using 75% of its rental income based on a 80% loan.
I'm told if I meet the requirements above then the trust will be approved to fund the purchase?
Is there an easier way?
I'm looking other ways to source funding. I have something in my head that I'd like other people to view and say yay or nay to it working?
I personally loan my D-Trust the 20%+ closing costs, the property the trust buys with an 80%LVR loan. The property will be cashflow + using 75% of its rental income based on a 80% loan.
I'm told if I meet the requirements above then the trust will be approved to fund the purchase?
Is there an easier way?