So Practice Mortgages Are A Thing with David Parker DWI-EP291

Dentists Who Invest Podcast

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Ready to gain a comprehensive understanding of practice mortgages and practice finance? Join us as we sit down with David Parker, a seasoned consultant in the dental healthcare sector, who will enlighten us on the crucial differences between these two avenues for acquiring dental practices. Discover how practice finance typically involves unsecured business loans based on the practice's goodwill, while practice mortgages are secured loans tied directly to the property. We unravel the complexities of secured versus unsecured loans, exploring the key risks, collateral requirements, and how lenders' perceptions differ between these financial instruments.
In this episode, we also tackle the practical aspects of acquiring a dental practice through various financial strategies. From required deposits, interest rates, and loan-to-value ratios, to the significance of consulting with a broker, David shares indispensable advice for navigating this intricate process. Learn strategies to leverage other assets such as residential or investment properties to overcome deposit shortfalls, and understand the importance of thorough preparation to ensure a smooth transition from offer acceptance to completion. This is a must-listen for any dental professional looking to acquire a practice or anyone fascinated by the financial intricacies involved in this sector.
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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

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Chapters

1. Practice Mortgages vs Practice Finance (00:00:00)

2. Understanding Dental Practice Financing (00:12:27)