NewFed’s Brian Damico interviews John Matheson CEO from https://www.commercialloansuccess.com/ about his program and they discuss:
- Dan Crowley created a program that can vet a commercial loan before going to the lender
- His program is a tool that helps you to see if a property has the possibility for positive cash flow
- Are you secured or unsecured?
- The bank is looking for 3 things
- Net income minus expenses
- Value or appraisal
- Debt service coverage ration
- This is great tool for any current or future commercial investor
- Produces a One sheet that is in bank language and speaks directly to the lender in their language
- What about 1031 Exchanges?
- How can a Millennial Investor get into the game?
- If it’s a good deal for the bank it’s a great deal for you
- Go to Web.commercialloansucces.com/EM for Johns Free gift to you just for tuning in to this show!
This and every Easy Money New England Podcast is recorded live at The Studio 21 Podcast Cafe and is Hosted on the United Podcast Network.