New investors use conventional financing because that's all they know.
Professional investors use commercial financing because it offers tremendous flexibility.
In my opinion you should only use conventional for your primary residence.
Download this episode to find out exactly how I use commercial financing methods to close more properties.
Benefits of commercial loans
- they underwrite the asset first
- use DCR instead of DTI
- close in 10 days
- 20 year amortization
- less paperwork and much easier to do
Download the podcast here - http://reipartnerpodcast.libsyn.com/