Name: 3 Pitfalls YOU Should AVOID With a Bridging Loan
Uploaded: 2024-01-19
Channel: Progressive Property
Description: A traditional mortgage isn’t always suitable in every situation, and Progressive regular Gary joins Toni Gargan to discuss the 3 pitfalls you should AVOID with a bridging loan to explain why, and how you can secure these kinds of opportunities.…

3 Pitfalls YOU Should AVOID With a Bridging Loan

A traditional mortgage isn’t always suitable in every situation, and Progressive regular Gary joins Toni Gargan to discuss the 3 pitfalls you should AVOID with a bridging loan to explain why, and how you can secure these kinds of opportunities.

Start investing the RIGHT way and download my FREE, EXCLUSIVE guide → https://bit.ly/nmdreport-yt

Here’s a sneak peek of what to expect:

🌐 Understanding Bridging Finance: Learn what exactly bridging finance is and where it’s relevant in property investment. We explore scenarios where traditional mortgages might not be suitable, such as buying at auctions or properties in need of fast financing.

🔴 Pitfalls to Avoid: Uncover the top three pain points to steer clear of when diving into bridging finance. Get insights on ensuring your deal stacks up, understanding loan-to-value, and navigating fees to avoid unexpected surprises!

💰 Bridging to Let and Unique Guarantees: Dive into the innovative strategy of bridging to let and how it can work for you. Explore unique guarantees you can use, like asset mortgages, alternative properties, or even entire portfolios.

DISCLAIMER: This video is not sponsored, nor is it endorsed, by any third-party affiliates. This is NOT financial advice.

#propertytalk #propertyinvesting #progressiveproperty

If you want to get started on your portfolio journey, join us on our FREE, 3-day event here: https://bit.ly/MSOPI24

🔗 Connect with Gary for More Insights: www.active-mortgages-bbc.co.uk.

TIMESTAMPS:
0:00 Gary Das Interview
1:09 What is Bridging Finance?
2:31 RISKS of Bridging Finance
3:04 Key Points About Bridging Finance
4:28 BENEFITS of Bridging Finance
6:16 Common Pitfalls with Bridging Finance
8:12 What Can Bridging Finance Be Used For?
9:20 Follow Gary!
9:44 How to Get Started in Property RIGHT NOW
10:02 Stay Tuned!

Our students are making amazing things happen. Tune into Ahmed and how he created a £4 MILLION portfolio ▶️ https://www.youtube.com/watch?v=oElkM5QPVls

#BridgeToLoan #propertymarketuk #propertyinvesting

We’re a homegrown business empowering UK Citizens to make life-changing income – giving you more freedom, choice, and profit. At Progressive Property, our expert guidance arms you with the essential tools and expert guidance to conquer the world of property investment. Come to our FREE, 3-day event here: https://bit.ly/MSOPI24

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Invest with Purpose: Build a Better Future with Your Portfolio

Want to learn how 10% of your portfolio could help build a better future? We’re taking a property tour of Bancroft House, a supported living space where every detail matters. Stay tuned and discover how YOU can Invest with a purpose to make a difference.

Boost your knowledge with our EXCLUSIVE guide → https://bit.ly/nmdreport-yt to get you started in your journey.

DISCLAIMER!!!

There are heavy topics discussed in this video that might be triggering, including topics around alcohol and drug abuse and suicide. Please reach out to helplines if you need them. Keep safe and Healthy.

🔑 KEY HIGHLIGHTS 🔑

🤝 Investing for Social Change: What is supported living accommodation? Understand the dynamics of investing in this strategy and its positive impact on communities. Carole shares her insights on the delicate balance between financial viability, community investment, and ensuring the longevity of projects that support those in need.

💰 Navigating Limited Funds: Explore the challenges and opportunities when limited funds shape the journey of buying and renovating a building for a meaningful cause. Learn how strategic decisions can significantly impact the success of these types of investments.

💪 Rehabilitation and Empowerment: Explore the unique approach to rehabilitation, focusing on the transition from Bancroft House to independent living. Understand how individuals with challenging backgrounds, even those with prison experiences, are given a chance to rebuild their lives, fostering stability and financial independence.

DISCLAIMER: This video is not sponsored, nor is it endorsed, by any third-party affiliates. This is NOT financial advice.

#propertytour #ukpropertyinvestment

Show your support towards the Healthier Hero’s Campaign – DONATE HERE: https://www.gofundme.com/f/the-picos-de-europa-veterans-expeditions-2024

Want to Connect with Carole? This is how:

Website: https://www.clearwaterpropertypartners.com
Email: [email protected]

If you would like to help support Andrew Powell with his properties, please reach out to Carole using her contact details above.

#ProgressiveProperty #Supportedliving

If you want to get started on your portfolio journey, join us on our FREE, 3-day event here: https://bit.ly/msopi23

TIMESTAMPS:
0:00 Bancroft House supported Living Property Tour
1:12 Rooms layout and management breakdown
2:29 Ex-Prisoner on the mend: How this property helps people
3:10 What is the housing support structure of HH ?
5:05 Communal spaces and why they are necessary
10:32 Why a training room is needed in support living spaces?
12:28 The Bancroft who inspired the name
13:01 The inspiration and sourcing to begin
16:58 Lacking of funds and how to manage
18:00 What the Investor should consider
18:37 The struggles with supported living properties
20:05 Supported Living is a Safer Investment To BTL
21:03 How can you support Healthier Heroes?
24:25 What kind of Property does a Charity Need?
27:58 Why are properties missing in the community?
29:20 The solution?
31:00 The rental guarantee
33:03 The mindset change to make a difference

Watch Part 1 of Carole’s interview with Kevin here ▶️ https://www.youtube.com/watch?v=JqUaapwF2io

#propertyinvestor #propertymarketuk

#bankofengland #propertyinvesting