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  1. #1

    Default finance for trading?

    Hey wise people,

    lets say I get into trading and lets say I leave my job, how do I get finance to fund the purchases?
    Its only issue for the transition period until I make sufficient income from the trading side but that could last for 1 - 1.5 years

    how did you do that personally?

    and any good broker recommendations?

    Cheers
    P

  2. #2
    Join Date
    Sep 2004
    Location
    Central Otago, ChCh, AKL
    Posts
    2,444

    Default

    I leave my job, how do I get finance to fund the purchases?
    DON'T leave your job until your cash flow is covering your required income or when you made it by trading.

    do you have any equity an a property where you can set up Home equity loan or Line of credit???

    Any savings?

    we need more info to answer your question.
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  3. #3

    Default

    Hey Orkibi,

    I have a $300k RC, but that would not cover straight purchases in the locations I am interested in.
    income $250k/y

    supposed to be non bank lenders doing short term bridging? or similar constructions?
    Cheers
    P

  4. #4
    Join Date
    Sep 2004
    Location
    Central Otago, ChCh, AKL
    Posts
    2,444

    Default

    With this income and LC as deposit you should qualify...
    Talk to good mortgage brokers like Squirl or Kriss Pederson in Auckland .

    There are non bank lenders but first try banks


 

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