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Granny Flat income

Discussion in 'Renovation & Home Improvement' started by klabat, 10th Aug, 2015.

  1. klabat

    klabat Well-Known Member

    Joined:
    4th Jul, 2015
    Posts:
    85
    Location:
    Australia
    Hi guys,

    Wanting to ask.. how long does an income producing granny flat have to have in order to show the bank?

    I have a granny flat/extension (2br+bathroom+kitchenette) thats been renting for 3months for $360 per week.

    Wanting to use this income for future finance
     
  2. thatbum

    thatbum Well-Known Member

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    18th Jun, 2015
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    1,055
    Location:
    Perth, WA
    Do you have a written lease in place?
     
  3. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    18th Jun, 2015
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    Location:
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    Immediately.
     
  4. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    18th Jun, 2015
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    661
    Location:
    Sydney