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               How to make money from a cannabis factory (secret)

      
Barry

As an experienced investor i am sure you will have come across this problem .
In this case it was quite serious and the house was in  need of refurbishment after the  plant removal!

So my client came to me to tell me he had been offered a small row of three terraced houses that has been converted to a 5/6 bedroom house-aka the cannabis factory.

The price negotiated a mere 95,000.00 with key access of 4 months prior to completion.
This gives him time to do the necessary renovations

Cost of the renovations £20,000.00.

After the work is done the property is then worth 170,000.00
Now if you go to a regular bridging company and ask for a bridge to be put in place for 170k they will only bridge 70% of 95,000.00

This leaves you with tons of money in the deal.

Fortunately we have found a bridging company that will take this deal on at 185k.
Yes thats right they will bridge at the full market value post refurb allowing you to sell on or get a mortgage product in place for the full market value.

There is no catch!

There are no hidden agendas here. This will be a straight forward valuation and the deal will be done !

Now if you can do this you only have to find the refurb costs and the exchange costs 25k !
That means

95k +25`k = only £120,000.00

In this case you will be able to get a bridge for up to 70% at full market = 129,000.00

so its not quite no money in and you need 25k but the alternative  would be to invest 60k on a regular bridge whereas we only need 25k including our exchange money also you get all your money out.
Fully compliant and available from us.
We will also arrange the remortgage at the full market value so you have a seamless process

Let us know if we can help

 

DID YOU KNOW?
We  supply long and  short term bridging? Info@barrydanser.com