"Soft" Bridge loan from Midwestern Life Insurance Agency.

I’d have to get a bridge loan for the time I am trying to flip.

"Soft" Bridge loan from Midwestern Life Insurance Agency.

However, the market is currently crowded with cookie-cutter apartments, creating a lot of internal competition and pushing rental rates down.For short-term gains, I’d avoid preconstruction projects unless backed by bridge loans or completion guarantees, as many developers in Tulum have failed to deliver.

Here are key factors to consider when searching for a reliable broker.A good private money broker plays a pivotal role in facilitating real estate investments, serving as a bridge between investors seeking capital and private lenders willing to finance those investments.

Hard money is mostly for flipping properties or using it as a bridge money for a temporary solution if you need more time depending on what type of trouble you get yourself into.

A lot of investors used short-term bridge loans in 2021/2022, which are burning a lot of investors now.  

So, 400k - 500k sounds like lots of money but if you wanna operate in the 300k+ entry point it get can swallowed up quick.One strategy I'd try is to be a buyer at the auctions, win a bid on a good house, close on it in cash (you should be a great deal under market value) and then get into a delayed purchase bridge loan product which will cash you out a certain percentage of the purchase and supply the rehab funds. 

You may also consider a bridge loan until you have a signed lease, security deposit, and first months rent to use 75% of the lease amount if you have a property identified and need to move quickly. 

More of a short-term solution if you're looking to do a value-add or bridge into longer term financing on the multi within 6-12 months.