Should we get bridge financing off the back ?

Based on the research I've done, I believe we need a Bridge Loan.

@Samantha Schiabor You can use a bridge loan (12,18,24 month) interest only option with no rehab and prepayment penalty to purchase the property.

Definitely want someone NMLS licensed loan officers specializing in investor products such as bridge, fix and flip, ground up construction and DSCR .

While I do not believe we have seen the last of the foreclosures, as I recently heard that 60% of multifamily bridge loans nationwide are not paying their mortgage, I am skeptical on whether or not we will see a massive fire sale of multifamily properties.

You can also get a cosigner to help bridge the income gap if you need it.DSCR's are also tricky if you dont own a property yourself (risk of occupancy fraud).

Your best bet may be to purchase with a hard money loan (Stabilized bridge or maybe a rehab loan) and get the rents up to market / renovate.

For these short term bridge financing.

Either you pass, or have some work to do, so I would cross that bridge when you get there."

Is there a way to use private money or a bridge loan to allow him to buy the house and refinance after his retirement when his finances have settled?