EP 89: How To Finance Your Property Development in 2023

Listen and Subscribe: Spotify | Apple Podcasts | YouTube   Financing property development in 2023 is a hot topic due to the tightening of the banks. The first step in financing property development in 2023 is understanding the basics of retail finance. This is the type of finance used to purchase a home or an investment property. Banks and building societies are the most common sources of retail finance and they usually offer loan to value ratios.   However, financing property development is more complex than retail finance. This is because the process and the lenders vary. Small projects may require different lenders than larger projects. Not all lenders offer the same terms, so it’s important to research lenders and compare their offers before committing to financing a property development.   In this week's episode, Bob and Hillary discuss how to finance your property development in 2023. They explain that although the fundamentals remain the same, different variables exist and the process for financing small projects is an important topic of discussion. So if you’re ready to invest but still skeptical on the financial side of property development, you won’t want to miss this week’s episode!    _______________________________________________ For more information about our investment opportunity, email: [email protected]   _______________________________________________   Episode Highlights: How to finance your property development in 2023?  [01:48] Why 2023?  [02:58] What’s the average difference between residential and commercial banks?  [10:41] What happens with a commercial loan?  [15:00]  What is a no doc loan?  [20:04]  How do you get the non bank commercial finance?  [23:38] What would the average application fee be for a duplex?  [27:15]   About Hilary Saxton: Hilary Saxton is a performance and mindset strategist who motivates, trains, and coaches people who crave knowledge and success in their property and business life. Hilary has had a varied career in property and business spanning at around more than 25 years now. She takes an honest, upfront approach towards both people and process issues. Hilary provides solutions through incremental and transformational change that delivers the success her clients both want and need.   Resources: To contact us about our investment opportunity, please email [email protected] or phone 1300 729 550 If you’re interested in winning a free copy of the book “Secrets of Property Millionaires Exposed”, go ahead and leave a comment or send me an email. We’d love to hear from you! If you liked this episode, or have any comments and/or suggestions on how we can make this better, don’t hesitate to send us an email. For questions/things you’d like us to cover and discuss in this podcast, again, you can send an email at [email protected] If you’re interested in receiving a free copy of the book “Secrets of Property Millionaires Exposed”, send an email to [email protected]!  Or Subscribe and give us some great feedback on YouTube: https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA Connect with Hilary Saxton: Property Mastermind Facebook: https://www.facebook.com/PropertyMastermind Property Developer Secrets and Hacks Facebook group: https://www.facebook.com/groups/2581187315284341 Hilary Saxton Facebook: https://www.facebook.com/HilarySaxtonCoach Instagram: https://www.instagram.com/hilarysaxtonproperty/ LinkedIn: https://www.linkedin.com/in/hilary-saxton/ YouTube: https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA Property Mastermind Website: https://www.propertymastermind.com.au/ It has been a pleasure and we look forward to seeing you in the future episodes!  See omnystudio.com/listener for privacy information.