Can anyone see a problem with this scenario or am I over looking something???
For example
I purchase a site with PP for 70k (value is100k) however I tell the lender I’m paying 100k for it.
Therefore I pay for the site (70k) and have 30k left over.
Is it that easy or am I missing something?
For example
I purchase a site with PP for 70k (value is100k) however I tell the lender I’m paying 100k for it.
Therefore I pay for the site (70k) and have 30k left over.
Is it that easy or am I missing something?