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18 November 2024 | 6 replies
Just be sure to account for holding costs, which can add up quickly.Another option—since you're well-positioned in Austin—could be bridge financing or hard money lending for your flip.
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20 November 2024 | 37 replies
Originally posted by @George Despotopoulos:Short term is usually referred to as hard money or bridge loans. 3-6 months is pretty short, standard is 12 months.
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15 November 2024 | 4 replies
If you are looking to resell it, likely a bridge loan would make sense.
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18 November 2024 | 8 replies
The people elected her twice; the city floods in a medium rain and boil water notices are frequent due to crumbling infrastructure....but they did find enough money for festive lights for the bridge for the Superbowl.
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20 November 2024 | 37 replies
In practice how Mello Roos works is you create a political subdivision and apply to the county they approve the area for the Bond issue.. you need Bond council and a investment bank to create and sell the bonds. once the Bond issue is approved this allows the developer to get a Bridge loan to build said improvements ( that are usually 5 to 50 million or so) Once improvements are in and taken over by the county the Bond money is released and is used to pay off the Bridge lender..
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14 November 2024 | 3 replies
Heloc or DSCR Yes, if you are looking for a flip, you'd want a hard money loan (somethings called RTL or bridge loan), DSCR Loans would only be for buying turnkey rentals
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13 November 2024 | 23 replies
yes definitely utilizing the bridge or DSCR .
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14 November 2024 | 10 replies
The product is called a Bridge Loan.
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13 November 2024 | 2 replies
Sometimes, bridging these emotional gaps can be the key to closing a deal.
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13 November 2024 | 14 replies
FTF has taken many of my clients out of my bridge loans in the past.. this guy could not access his draw money and was out about 300k. now he has the wherewithal to solve his problem but i can see others being in major trouble if work is done and draws are not forthcoming.