The FHA can be tough when trying to buy properties in disrepair, but the 203K loan works as a bridge to get you into the property much easier, especially one that might need alittle TLC before the FHA will pass it.Shortsales are another good one to look at, but they usually take alittle more time unless they have been pre-approved for price by the bank.

They bought totally based on Proforma numbers with Bridge debt with adjustable interest rates.Back to CR.

Property taxes are most likely going to be lower in PA than NJ and you will also save $5 on your daily commute from crossing the bridges. 

Hello BP family,I have a potential rental unit that i am looking to purchase with cash from a bridge loan.

Prior to that I was a banker doing commercial bridge and construction lending and am a licensed CPA.Best Regards,Raj Mulchandani CPA

I received a promissory note from him with an address of Tower Bridge 1 Fayette St.

A short term bridge loan that will allow you to draw the funds to repair the building out of escrow and then get the building rented out and stabilized.

Brian,I just sold a short sale flip to an FHA buyer by having them do a 6 month bridge loan and then refinance into the FHA loan.

Pointing out areas of the business that are critical and wise choices need to be made can help many others avoid the mistake.I hope that you are able to obtain the financing you need so that some bridges can be mended and fewer people feel the pain of this experience.

If you plan to do renovations and significant rehab work then you may consider a bridge loan.