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  • Entrepreneurs

    100% finance possible without my own funds?



    Is there any company will lend me money to fund its project without me having any money of my own, and let me pay them back when the project is complete?
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    or..... yes

    He is not asking about 100%LTV, but instead, 100% of the monies required.

    If proper planning, discipline and exit strategies are diligently followed, then 100% of the required funds can be raised across two or more available properties with eligible equity.

    The GDV needs to be more than sufficient to repay the initial loans, but for the right project this is (and has been many time in the past) a sound plan.
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    Has he got two or more properties though ... ?

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    We don't know, as that has not been disclosed.  What I have disclosed though, is that this cross charging strategy is available and - with the right disciplined planning - is an excellent funding tool.

    I have worked with numerous property investors over many years who have achieved great profit from implementing this exact plan, and portfolios have been built (pardon the pun :-) ) on the back of this.
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    FOR INDEPENDENT MORTGAGE AND INSURANCE ADVICE

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    http://www.propertytribesfinancialservic...contact-us

    CONTACT US FOR LIFE INSURANCE QUOTES AND STRATEGIES.  PORTFOLIO MORTGAGES (VARYING TERMS) COVERED

    MULTI CREDIT REFERENCE AGENCY REPORT, IN ONE DOCUMENT HERE.

    http://www.propertytribesfinancialservi...statement/

    You need equity or cash to join this game

    without neither you cant do it in 2019

    My guess from the blog he is new and has little funds and no equity or he would have asked how to extract funds to build a BTL business

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.


    you are right DL, however whether a newbie or not, there is a myriad of strategies available and numerous funding lines and rates and fees.

    Borrowing to invest on a short term basis does not have to be via bridging only.  Further advances, secured loans, second charges are (to name a few) also available.  And these products can come at rates as low as 1.99% per annum, subject to LTV etc.

    DL, you have vast experience and today's property investor does not have exactly the same lenders and (loose) lending criteria to work with, nor
     is the market the same either, however, opportunities are still out there and so are the funding lines (via experienced brokers such as those fine chaps and ladies at https://www.PropertyTribesFinancialServices.com )

    Raising money against own home too is available for redeploying into BTL assets.  Not all lenders allow it (some consider it as business lending) but we know the lenders who do.

    That's a psychological decision as well, but for those who simply consider all mortgages as financial tools to make money, this is another useful (low rate) strategy as well.

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    FOR INDEPENDENT MORTGAGE AND INSURANCE ADVICE

    PROPERTY TRIBES FINANCIAL SERVICES

    http://www.propertytribesfinancialservices.com

    http://www.propertytribesfinancialservic...contact-us

    CONTACT US FOR LIFE INSURANCE QUOTES AND STRATEGIES.  PORTFOLIO MORTGAGES (VARYING TERMS) COVERED

    MULTI CREDIT REFERENCE AGENCY REPORT, IN ONE DOCUMENT HERE.

    http://www.propertytribesfinancialservi...statement/


    I find when I buy new property now I spend more of my own cash then ever before

    I will not leverage up highly in 2019 I learned my lesson not to do so in the last crash

    I we have a fall in prices leverage works against you

    None of us saw a crash none of us saw S24 and none of us thought we could ever be in the Political Pickle we are in today

    I would have never dreamed of possible rent control or the possibility i could be forced to sell what I own to a Tenant at a low price

    as a professional Landlord I heed a lot of what I see and have seen

    This is the very reason I have changed my way of buying property going forward

    My simple plan is to pop in 25% deposit pay all costs Borrow on a five year fixed and gain a yield of 8%

    If none of my bench marks are achieved I dont buy

    any landlord coming to the market needs more skin in the game to play BTL

    I have been effected by such large changes in the past and I have learned to look on the black side of every thing before I move

    Train Hard ie have the cash in hand  and when the time comes  ie Fight Easy thats a good yeild


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.


    Ok so let's pick this apart. Why?

    What is going to happen if the project goes wrong? There are two answers - you stump up the shortfall somehow in which case you do have assets for security. Or if the answer is the lender loses out then you are not looking for a lender but an investor.

    Lenders require two methods of repayment - one when the project goes as intended and one when it goes all wrong.

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    Chartered Accountant, Tax Advisor and Mortgage broker

    (and BTL portfolio owner)

    stuart@johnsonsca.com

    02039077022