"Soft" Bridge loan from Midwestern Life Insurance Agency.

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. 

The ARV given to you by your agent is 215k.So first you'd enter a bridge loan and get 85% maybe 90% of the purchase( 90k) and 100% of the rehab in a loan. 

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.

“WOKE comes to Hardmoney Resi trans loans LOL”Indeed, @Jay Hinrichs.Hard Money is derogatory.Private Money is deceptive.No one knows what a Bridge Loan is.Now we do Residential Transition Loans.I’m afraid we will run out of space on our business card

Could I fund the purchase using a bridge loan with the assumption to sell my existing home ($1.5M)?