How Ryan grew his portfolio
Ryan is a professional investor, who assists Australians to follow in his footsteps and grow their own property portfolios by buying positively geared investment properties. Senior broker Nick Ash embraced the opportunity to assist Ryan when he ran into some trouble trying to remove an ex-partner from some lending along with:
- Isolating his commercial and residential lending
- Understanding and optimising debt structure
- Strengthening his cashflow position
- Accessing equity to further grow his portfolio
Ryan owns nine investment properties and his immediate objective was to remove someone from two loans he held (ex-partner). Ryan wanted to also further increase his borrowings to help acquire further investment properties. He sought our assistance having been knocked back by a major lender. After an intense two months process, the lender declined the deal due to not meeting their servicing requirements. This issue was centred around their process of expensing out two short term commercial loans, held in separate Pty Ltd companies.
As well as achieving the original objective of removing an ex-partner from two loans, we were able to extend further lending to help him fund deposits on 2 further investment properties.
In his words: “Streamlined process and very professional. I found Nick & his team to be very professional, courteous and knowledgeable in their field. Would highly recommend Nick and his team, also happily use their services again.”
Ready to grow or balance your portfolio?