Private Bridging Explained
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If the deal works and the finance is there a bridging loan can be a good answer and, in this episode, Shaz explains how and why a bridging loan can be effective in your property investment.
\\nIf there is a gap in finance, you need to fill, and the numbers work a bridging can be the solution you need, and this is a great opportunity to find out more.
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KEY TAKEAWAYS
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- Private bridging serves a purpose \\n
- You may not be able to get a loan elsewhere and there is a gap in your finance \\n
- You can use a bridging loan and then re-finance in a more traditional way \\n
- If there is enough profit in the deal go for it \\n
- If you can’t make up any loss in the short term it probably isn’t worth doing \\n
- You get the cash quickly, there are fewer questions asked and it’s flexible \\n
- You can get a bridging loan for a month to around eighteen months \\n
- It’s not cheap but it is a solution \\n
- It’s all about the numbers and if it works out it can be a good answer \\n
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BEST MOMENTS
\\n‘I’ve used it and it works well and is a neat way to do deals’
\\n‘If the deal works and the finance is there it can be a good solution’
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VALUABLE RESOURCES
\\nshaz@aaa-accountants.co.uk
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ABOUT THE HOST
\\nShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
\\nShaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
\\nHe is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
\\nYou can find Shaz on:
\\nThis show was brought to you by Progressive Media
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