financing - Posted by helena
Posted by helena on December 14, 2000 at 23:56:16:
My partner and i own one investment property with $30,000
equity.we have $55,000 deposit to purchase a $247,500 that
will be our place of residence.my partner 's income is wages
and an offer of $55,000 has been accepted for a franchise
which i will run .the plan was to organise an interest only
loan with the $55,000 in real estate as security .
well here’s the challenge – the present owner of franchise
has run the business at a loss for taxation purposes
i’ve approached finance brokers and lending institutions
no-one’s interested in lending because even though i have figures from company on expected income and expenses.
i’d love some input !!!
What can i do her ??
looking forward to some inspiration !!!