You haven't signed an agreement, but you may be burning a bridge.

Jamie Wooley Think of it as a bridge to higher and bigger deals.

First, we could buy a very distressed property with a hard sale lender, and then use it as a bridge loan to get to an FHA 203k and use all of that lower interest money to fund the rehab.  

I have sent this man $2250 for a bridge loan and got nothing he wanted me to send another 500 to get the loan.

If they didn't do that, they would starve when winter arrives.The Future is VERY important.Another analogy I like to use is to Drive your Investments like an Investment Vehicle.When you look at past Data such as previous Sales, you are looking at the Rear View Mirror of your Investment Vehicle.When you look at current data, such as the current Rents and Expenses to calculate your Current cashflows or your Cash on Cash Return, you are looking at the side view... watching the action go by as it is occurring.When you look through the Windshield of your Investment Vehicle, you are looking at the road ahead.... seeing the path that it is taking you... and all the obstacles in the way.You are less likely to CRASH your investment vehicle by focusing on looking through your Windshield than remaining fixated on the Rear View Mirror or the Side Windows.If the bridge is out and you fail to see the bright red warning signs..... if your eyes are not looking straight through that windshield........ you will Drive your Investment Vehicle into the abyss down below.So please.....

@Jessica Bridges Thank you for sharing what you have done!

Instead of renting an apartment, I was able to purchase the condo for close to what it cost to rent, I still own that condo today and use it as a rental.I was looking at condos near the London Bridge metro station last year in June/July, there still may be opportunities in that neighborhood. 

I want to clarify - the private money @5.9 is for 30year fixed NOT a bridge loan or a fix & flip Those rates are around 10.5 here.

REI: Real Estate InvestorREO: Real Estate OwnedROI: Return on InvestmentNOI: Net Operating IncomePITI: Principle, Interest, Taxes, InsurancePMI: Primary Mortgage Insurance(for 100% conventional financing, insurance covers 20% in case of foreclosure) HUD: Housing Urban Development(gov owned or backed financing from FHA, VA, Fannie may loans)SFR: Single Family Real EstateMFR: Multi Family Real EstatePM: Property ManagerHM Hard MoneyBL: Bridge LoanPI: Private Investor REC: Real Estate Commissions office.PML: Private Money LenderYou'll see these alot do a search.. 2% rule50 % rule

I met with Nathan Brooks at bridge equity and couldn't have been happier with the experience.