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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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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