I want to buy a property in Port Hedland that would be cash flow positive, does it matter what my income is as obviously I wouldn't be able to service the loan without renters. The property has a 3yr lease. Just wondering if any financial institutions would lend for this? I would have about 5% deposit but would have to factor in costs, LMI etc
Currently have 2 IPs, one is positive (holiday rental), one is negative. Renting ourselves.