How to expand my property portfolio

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  • Basment Dweller
    Silver Member

    • Aug 2014
    • 314

    #1

    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?
  • Houses4Rent
    Gold Member

    • Mar 2014
    • 803

    #2
    not sure, but it might depend on in which entity you buy.
    Houses4Rent
    "We treat your investment as we treat our own"
    marc@houses4rent.co.za www.houses4rent.co.za
    083-3115551
    Global Residential Property Investor / Specialized Letting Agent & Property Manager

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