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Podcast: The Property Podcast
Episode: ASK262: Should I use bridging or a mortgage for this project? PLUS: How do I fire my agent?
Description: Last week we had a question on using bridging finance and this week on Ask Rob & Rob we’ve got another.
Kicking things off this week is Marika.
The strategy she’s looking at is flips. So she’s looking to purchase a property that needs a substantial renovation before selling it once the work is completed.
She’s been looking at getting a bridging loan, however she’s worried that once the refurb is complete, the market will collapse. By which point she won’t be able to, or want to, sell the property...