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We’re looking for short-term property loan of £150k to purchase an excellent property in a prime location.
It’s one house split into 2 apartments which makes traditional mortgages trickier.
There is a plot of land next to the property with approved planning permission for a 2 bed flat.
THE PLAN
- Purchase property with cash
- Rent out both floors (to pay your interest each month)
- Build the 2 bed flat, combine everything into one house, refinance and pay all your money back
- (you get monthly interest payments and passive income!)
ul. "Banyo Marinov" 7, 2770 Bansko, Bulgaria
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