The second key element to successful property investing is to select a good advisory team, which should include an experienced real estate agent, lawyer, tax advisor, and loan officer.
With this expertise on hand, you can move quickly – knowing which properties to ignore and which are worth considering. A good property deal will be fast moving and you want to be on top of it!
Of course, you need finance to close a deal. The online commercial finance lending industry is booming and if you have a sound proposal, investors have money to lend!
Increasingly, investor pools are prepared to underwrite commercial property ventures – worth many hundreds of millions of dollars - with no credit checks, no complicated documentation, and no income verification.
Basically, they will lend money based on the overall merits of the project and the Loan-to-Value ratio.
With non-conforming loans, typically up to 90% of the value of the project can be borrowed, depending on the project type
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