Raising funds: Either conventional (bank loans) or creative loans

[Colin Lewis]

Hi im trying to purchase another investment property since purchasing my first property 3yrs ago. Banks are looking at my tax returns for the prior 2 yrs and as far as they are concerned i have been coming in at a loss since i claimed depreciation and other repairs but i also made a profit. I have enough for a down payment etc but they say my LTV is too high, they want me to come back in 2 yrs (huh) not waiting that long there has to be away around this, i know one way is buying property out right but not quite there yet. Im more than positive i can flip what ever money/loan i get with the experiience i have gained with the multi family unit i purchase in the previous yrs. Any one has any advice how i can get around this little road block.