At a conservative 65% LVR, a $1 million commercial property requires a $350,000 deposit, whether that comes from cash or equity. The upside is that the loan may be secured against the property itself, without needing you to service or guarantee it in the same way. But the deposit is not the only cost. You also need to allow around 8% for acquisition costs before you go in.
Head to the channel for the full episode!
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