The Problem with Bridging Loans with Toni Gargan and Gary Das

The Problem with Bridging Loans with Toni Gargan and Gary Das

Author: Kevin McDonnell January 23, 2024 Duration: 13:53
Gary Das joins Toni in this episode for a quick but valuable discussion on bridging loans. They discuss what they are, where they might be useful but also reveal the three main reasons you may not want to use them. KEY TAKEAWAYS  Traditionally you would get a mortgage for a property but if you are buying from auction or similar you may need a bridging loan before you can get a mortgage. This is a short-term loan. To be accepted for a bridging loan generally, you will be borrowing against assets, but this doesn’t have to be another property or even the property you are using the bridging loan for. One of the advantages of bridging is the option to either pay an upfront fee or a certain timescale where you don’t have to pay anything yet. There are horror stories surrounding bridging loans, usually when a term has been breached and good advice wasn’t sought out. BEST MOMENTS   "The key thing with a bridge is how does the bank get the money back in the not-so-distant future?” “There are certain instances where you’ll use bridging instead of a mortgage” “The more you know about the properties and the finance side the easier it is to walk in with confidence and do the deals” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progperty progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Hosted by investor and educator Kevin McDonnell, The Progressive Property Podcast is a regular source of actionable strategies for navigating the UK property market. This isn't about generic theory; it’s a practical resource dissecting the methods that work for building a portfolio, from foundational principles to advanced scaling techniques. You’ll hear detailed discussions on buy-to-let, flipping properties, and creative strategies like deal packaging, all aimed at constructing multiple streams of property income. The focus is on leveraging knowledge-and often other people's capital-to build assets, emphasising how to move forward effectively even if your own starting capital is limited. Each episode is designed to condense years of experience, helping you avoid common pitfalls and make informed, strategic decisions that save both time and money. For anyone serious about property investment, from taking the first step to systematising a large-scale operation, this podcast serves as a direct line to the nuanced knowledge required for long-term financial freedom. Tune in for candid conversations that cut through the noise, offering the specific skills and confidence needed to progress in the complex world of real estate investment.
Author: Language: en-gb Episodes: 100

The Progressive Property Podcast
Podcast Episodes
How to Create Wealth Through Property [not-audio_url] [/not-audio_url]

Duration: 53:19
FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BUYTOLETPOD Kevin joins Jessen James on the Mind Over Money podcast to talk about the power of property investing itself, as well as his own persona…
How I Built My Property Investment Business From Zero [not-audio_url] [/not-audio_url]

Duration: 31:47
FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BUYTOLETPOD A motivating and informative episode where Kevin speaks to property investor Martin Sanderson. Martin talks about how he got started in…
Rob Moore Why Property Investing is EASY! [not-audio_url] [/not-audio_url]

Duration: 17:28
FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BUYTOLETPOD One of the biggest hurdles when starting property investing is getting over the idea that it is hard. It isn’t hard, it’s just new to yo…
5 Ways How to Add Value to a Property [not-audio_url] [/not-audio_url]

Duration: 17:04
FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BUYTOLETPOD One of Kevin’s most asked questions is how to add value to a rental property, in this episode he explores various ways you can do this i…
UK Leading Creative Property Solicitor Tells All [not-audio_url] [/not-audio_url]

Duration: 34:12
Shimon Rudich of MS Law joins Kev to talk about creative property investing including the many options out there and the most effective ways of utilising them to grow your property investing business. KEY TAKEAWAYS You h…
7 Tips on How to Flip Properties For Profit [not-audio_url] [/not-audio_url]

Duration: 23:59
How can you flip properties easily and successfully? Listen in to this episode to hear Kevin’s 7 tips of flipping properties for profit. If you are new to this area or have only done one or two property deals this is the…
Creative Property Investing with Rob Walters [not-audio_url] [/not-audio_url]

Duration: 22:28
Rob joins Kev in this episode to talk about his property journey. He talks about how he balances his day job with his property investing and why anyone can work out this balance in their own lives. Rob and Kev also talk…
How I Became Financially Free with Neil Cowmeadow [not-audio_url] [/not-audio_url]

Duration: 21:03
Kev is joined by fellow property investor and podcast host of the Tutor Podcast, Neil Cowmeadow. Neil first started investing in property 8 years ago and shares with Kev the upsides, downsides and the many lessons he has…
CDM Regulations: What You Need to Know with Darren Burrows [not-audio_url] [/not-audio_url]

Duration: 18:33
Darren and Kev talk about a frequently forgotten topic in property, CDM regulations. Darren shares his experience in property and CDM regulations and talks about why he is so passionate about teaching others the importan…