We still have three years before we have to cross THAT bridge, however.

I got an estimate from our loan officer over at Sherman Bridge for one of the investors I work with for their Rent36 loan which is a 36-month term. 

Hard money is typically only used for short-term, bridge financing (i.e. a flip...and many use conventional financing for flips too).

Sherman Bridge/Easy Street!

I could even do a bridge loan for 3 months just to finish up and then roll into the long term loan.

this is a bridge loan for 12-36 months.

In my opinion, Windsor is the place to be right now; low housing prices, high rents, demand far exceeding supply, and multiple catalysts including 2 major bridge projects (thousands of well-paying jobs for 7-10 year duration of the project), revitalization of downtown core, revitalization of Detroit, and investors from all over Canada flocking here to eat up already limited supply. 

Purchase price: $165,000 Cash invested: $49,000 Sale price: $165,000 Purchased this 4-Plex for $165,000 using a Hard Money Bridge Loan which required 25% down .

Will cross that bridge when I get there.

We now focus on investing across the bridge in Proctorville, OH where the school district is in high demand and it’s hard to even find rentals listed.