Tag Archive for: bridge loan

How To Make Money with a Bridge Loan

How to Make Money with a Bridge Loan

Let’s talk about how you can make money with a bridge loan, especially if you’re stuck in a project or need temporary funding.

Now, you might be wondering, “What the heck is a bridge loan?” Well, it’s basically a short-term loan that closes a financial gap.

How To Make Money with a Bridge Loan

Let’s take a look at an example. If you have a hard money loan for a fix and flip or another value-add property, but you’ve run out of money, then this could be a perfect solution to help you finish it.

Because it’s way cheaper to get temporary funding than to get stuck in an expensive loan. It could take months or years for you to figure out a way to come up with the money to complete the project.

Not to mention dealing with the costs of an incomplete project. You have to think about things like materials, contractors, taxes, insurance…the list goes on and on.

Bridge loans also work great for starting a new project while waiting for current project to wrap up. You can use the equity in the current project to secure a new one. Once your current project closes, you can pay off the bridge loan and move on to your next real estate deal.

You can even use this type of funding to make a cash offer on a value-add property.

Essentially, a bridge loan is immediate cash flow.

It’s an excellent way to keep your projects moving along and your cash flow, well, flowing! Bridge loans prevent you and your bank account from growing stagnant—or worse, depleting. And that’s the last thing we want to see happen.

If you’re ready to chat about your options, we’re here to help! Our team is eager to set you on a path that helps you make the kind of money you need to live the life you want.

Happy investing!

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Temporary Funding: How to Generate Positive Cash Flow with a Bridge Loan

Temporary Funding: How to Generate Positive Cash Flow with a Bridge Loan

Temporary funding is one of the keys to real estate investing right now.

So, the world is going a little crazy lately. Things seem to be changing on a daily basis. Many areas of the country are seeing extremely low inventory, which makes it harder to find profit-making deals.

So, what can you do to ensure your cash flow doesn’t take a major hit during these strange and uncertain times? Especially if you’re stuck in a project or need temporary funding?

We suggest getting a bridge loan.

Temporary Funding: How to Generate Positive Cash Flow with a Bridge Loan

What is a bridge loan?

It’s basically a short-term loan that closes a financial gap.

For example, let’s say you have a hard money loan for a fix and flip or another value-add property, but you’ve run out of money. Well, you can get a bridge loan to help you finish your project. Because it’s way cheaper to get a short-term loan than to get stuck in an expensive long-term loan for months or years while you figure out a way to come up with funds to complete it.

Not to mention dealing with the costs of an unfinished project. Think about materials, contractors, taxes, insurance…the list goes on and on.

Think about your next project!

Bridge loans also work great when you are looking for your next project, but your current project’s closing is delayed. A bridge loan can help with this. It allows you to use the equity in the current project to secure a new one. And then when your current project closes the bridge loan is paid off and you’re on to your next project.

These loans keep your business humming without the stalling out due to lack of funds. You can even get a bridge loan so you can make a cash offer on a real estate deal.

Essentially, a bridge loan is immediate cash flow.

It’s an excellent way to keep your projects moving along and your cash flow, well, flowing! It also prevents you and your bank account from growing stagnant—or worse, depleting.

Ready to chat? Great! Our team is here to help.

We’re eager to set you on a path that helps you make the kind of money you need…to live the life you want.

Happy investing!

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