Instant Bridging Loans – Bridge The Gap Created In Your Finances

Real estate had temporarily lost its sheen because of the sudden contraction of the market that had left property owners stranded. However, indications are that the worst is over in this industry and the market is beginning to look up once more. This is actually a very good time to purchase commercial or residential property because prices are extremely low. Even so, you need to be extremely careful with regards to how you invest your money in property.

If you build the infrastructure and system discussed in point 3 then that will allow you the time to focus on your passion. If your passion is negotiating Gym and Spa Consultants deals then that is what you should be doing. Someone else should be collecting the rents for you.

If you use a firm that specializes in this you are sure to get better tenants who would give you timely rent as well as vacate as and when you require it. It is like a blessing in disguise if you get good occupants. Quick income would save you from having to clean it to make any replacements so you can again rent it out.

True hard money lenders require only an appraisal and proof of clear title. Some quasi-hard money lenders now want credit and income data from borrowers.

There was considerable concern that banks would offload lots of their property but this is not happening, so supply is controlled. The restructuring of banks’ capital means they will also not need to immediately foreclose on any assets where the customer is struggling. Instead they are happy to roll over property loans given that interest rates are so low, also, we are not in the double digit interest rate market we were in for the last crash.

A borrower can borrow a bridging loan for a short term ranging from 2 weeks to two years depending on the lender you choose to borrow from and the loan amount. You can borrow a bridging loan up to 80% of the value of the property which is kept as a security against the loan.

Pay a little more of premium to get back a lot of premium. If you have the financial capacity, pick a corner lot. Corner lot are usually in high demand and limited units because of the extra land. The corner lot should not be on the main road, where the traffic is heavy.

Your “Green Light” Another analogy from the world of stock brokers is that you are not at a market bottom until you see signs of “Capitulation”. The Foreclosure bus is not one of those signs. When the owners of the foreclosure bus have completely given up . . . certain that the market is so bad no one will ever buy another house again … when you see the Foreclosure Bus sold for scrap and mashed into a little cube by the car crusher . . . THAT is Capitulation. That is your buy signal . . . your green light.

Recent Posts

Instant Bridging Loans – Bridge The Gap Created In Your Finances

Contact Us

571 Spring Avenue, Phila, Pennsylvania, 19103

Call Us: 267-630-4170

Consultation Banner

Free Consultation

Contact Form