OK, so here’s my situation:
I have 400,000 saved up and I’m not expecting that money to go anywhere. I know it isn’t much, but whatever…
I just had this idea. I LOVE Danshui, and I have some friends starting grad school at TKU in Danshui. I’m noticing some very reasonable prices on 591 and 104, so I had this idea.
I want to buy a house in Danshui (in 2011) and rent it out to my friends that year. There will be probably two, or at most three, of them. I can easily get their rent to cover the monthly payment.
But this means I need to secure a loan from my bank. Right now my current bank (with the money) is Huanan. How would I go about getting a loan from them? If they wouldn’t grant it, could I use my girlfriend as a guarantor? I’d prefer not to involve her if I don’t have to. Eventually we’ll be married but I want the property to be only in my name until that time.
So what would be the best way to execute this plan?