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YoungNomad
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BaM, post: 38759 wrote:
I do all of that, I just feel as there is something I might be missing.
As sole business owners we face difficulties getting loans, because Banks usually like to see a constant income stream. So where are our loop holes?
Dan.

The issue you will run into in your first 2 years is your lack of tax returns to provide.

Lenders love 2 years strong financials.

If you cannot provide this, you have to pursue Low Doc loans (genearlly 80% max). The first 6 IP’s I bought, I had to front up 20% PLUS stamp duty (around 100k). It gets very prohibitive on a cash flow point of view.