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Thread: How to expand my property portfolio

  1. #1
    Silver Member
    Join Date
    Aug 2014
    Thanked 19 Times in 17 Posts

    How to expand my property portfolio

    So everything going well with my property business, we have 6 properties, fully rented and cashflow coming in every month, we established the business last year Oct so still.

    So I'm in a good position to start stacking cash and expanding the portfolio.

    My only issue is the banks are telling me I need to be in business for 3 years before they can approve a homeloan to buy more rental properties and add to the portfolio.

    Any ideas on how to expand?

  2. #2
    Gold Member Houses4Rent's Avatar
    Join Date
    Mar 2014
    Cape Town
    Thanked 56 Times in 52 Posts
    not sure, but it might depend on in which entity you buy.
    "We treat your investment as we treat our own"
    Global Residential Property Investor / Specialized Letting Agent & Property Manager

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