another random question haha,
2 scenarios both 80% lends
1st unit 100k purchase 200 rent 80 wk body corp 10.4% yield
2nd house 100k purchase 145 rent 7.54% yield
when trying to purchase both properties banks will ask for a rental appraisal / want to know what the current rent is etc (in this scenario they both have tenants paying those rent figures)
is the 1st property easier to get into because it'll show higher rent compared to the second property?
building a portfolio would it be easier with the first property?
thoughts?
high rental yield does it mean anything with banks?
2 scenarios both 80% lends
1st unit 100k purchase 200 rent 80 wk body corp 10.4% yield
2nd house 100k purchase 145 rent 7.54% yield
when trying to purchase both properties banks will ask for a rental appraisal / want to know what the current rent is etc (in this scenario they both have tenants paying those rent figures)
is the 1st property easier to get into because it'll show higher rent compared to the second property?
building a portfolio would it be easier with the first property?
thoughts?
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