starter business loan for property investment
Posted 01 December 2004 - 06:17 AM
I am very interested in this opportunity but don't know where to start, the asking price is £240,000.
I own my own home but the value of my property is only half of the investment opportunity price.
Is there any point of me considering putting a business plan together or is their a financial organisation that will fund my idea.
If you think their may be someone who would at least listen to what I have planned for the portfolio I would be very interested to hear.
Posted 01 December 2004 - 11:46 PM
On this side of the pond, that would not be considered a business loan, and no business plan would be needed. This is an income producing loan, and would be underwritten based on the repayment source being rental income. Most bank lenders and non-bank lenders do this financing all the time.
It is all about the leftover cash flow after the operating expenses associated with the property are deducted.
Posted 03 December 2004 - 03:47 PM
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