Originally Posted by barnakiel
The challenge is, I think, that many lenders will employ smart people who can see thru the illusion.
What you want is a greedy lender with stupid clerks. Such lenders too exist, just their rates are not as low as at banks and institutions that have investors and supervisors breathing down their necks.
If your cash flow is strong enough, you will get your deal anyways, no worries. Your plan is lenders gain, not yours. Keep on looking.
Yeah this is pretty much it - I'll be leveraged up quite a bit which raises a lot of red flags
but my income
is strong which in my case should make it fine. but I suppose that's how things wen't bust a few years ago too!
Originally Posted by boatpoker
How about a loan from your employer .... he knows where to find you
Well that would be a great option but I unfortunately don't think it's something I could raise with them! Maybe it's worth checking if there would be any tax advantages to them giving me a loan rather than a salary!