Quite a statement eh? Did you know you can borrow the deposit to make a property purchase? You may have seen this sort of offer on new build properties where if you are a residential purchaser the house builder will lend you the 20% deposit over 10 years.
Two big problems with this:
1. I don’t need a brand new house to LIVE in as I am not a residential purchaser
2. The property prices are a complete RIP OFF!
Now just imagine if there was a lender out there that would actually lend you the deposit for a buy to let property of your choice. Well there is! This loan company is a company who I actually know personally. He is a property investor himself and is happy to lend you the deposit based on the following:
1. You give him a 2nd charge on the property you are buying
2. The discount you are getting on the property is at least 20%
Not too difficult to achieve is it?
So imagine this:
· No constraints on how many properties you can buy based on your capital reserves
· No need to wait and save up for a deposit as you can just borrow it
· Building your portfolio quicker and using the profits from the cashflow to repay the deposit loan
· Building a portfolio out of, well……..NOTHING!
This finance is available right now and is being lent fast (as you can imagine). To find out more come and learn about the advantages about being a Property Mentor Delegate at one of their FREE TRAINING COURSES.