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so youre looking to buy a property before you sell another property so what do you do in this case you may need a bridge loan but what is a bridge loan and who actually offers bridge loans [Music] hi everyone its mike bond with hard money mike and today were going to talk about bridge loans what is a bridge loan sometimes you hear it as a fix and flip loan sometimes you hear as a bur loan but a true bridge loan is when you take one property maybe youre just getting done with a flip and you want to buy another flip and you need that the equity from your flip that youre about to get rid of to buy the next property so its really a loan that is a temporary loan where you use both properties to buy the new property but this really comes down to one thing its bridging a gap its a short-term loan when youre using multiple properties to buy another property so how does a bridge loan work so like i said typically it is a loan where you already own a property so maybe like i said you al
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