Can you use a bridging loan to exchange on a site, do the work and complete after the sale? In other words, delay completion using a loan to do it.
I have been teaching exactly this strategy for years at my Ninja Investor Programme. I call it the 100% refurb strategy, because you rarely end up borrowing less than 100% of the purchase price when you use it. We have brokered it for our clients numerous times over the years. Here is how you make it work:
If you try to borrow the refurb costs it won’t work, you need to fund this bit yourself and, since you won’t be putting down a deposit, you should be able to do this. Trying to do this with no cash won’t work.
You can learn more here:
50% Complete
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