If the deal works and the finance is there a bridging loan can be a good answer and, in this episode, Shaz explains how and why a bridging loan can be effective in your property investment.
If there is a gap in finance, you need to fill, and the numbers work a bridging can be the solution you need, and this is a great opportunity to find out more.
KEY TAKEAWAYS
Private bridging serves a purpose
You may not be able to get a loan elsewhere and there is a gap in your finance
You can use a bridging loan and then re-finance in a more traditional way
If there is enough profit in the deal go for it
If you can’t make up any loss in the short term it probably isn’t worth doing
You get the cash quickly, there are fewer questions asked and it’s flexible
You can get a bridging loan for a month to around eighteen months
It’s not cheap but it is a solution
It’s all about the numbers and if it works out it can be a good answer
BEST MOMENTS
‘I’ve used it and it works well and is a neat way to do deals’
‘If the deal works and the finance is there it can be a good solution’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
Facebook
YouTube.
