What is a construction loan? | "All in" budgets | New Loan options for rental properties
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What is a construction loan? | "All in" budgets | New Loan options for rental properties
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About this listen
Meredith explains how a construction loan works. Loan Officer Anthony Beauchamp joins Meredith on why 75% of ADUs that are permitted never actually get built, the importance of the 'all in' budget, including financing fees. One client is buying a $163,000 lot and building for $90,000 expecting a future value of $800,000.
Meredith spreadsheets a loan strategy to build an ADU, including monthly payments and the monthly income.
New loan options for investment properties.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.