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Bridging loan help
Comments
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Dad is doing me a spreadsheet to help me understand. He moved back to the property in January I think it’s adding 20k on every six months.
In relation to the property it’s been on for two years. I want dad to swap agents. I am going to pay for the sprucing up to help.0 -
OK- you can't afford to give/lend him the money, so he needs to either
1) sell and pay off debts or
2) increase income
To help with 1) above, you and your 2 siblings take a week's leave from work. Go down and fix the place up. Re-decorate every room. Consider installing a new kitchen. Clear the decking and get a gardener in for a day.
It's amazing what how you can transform a place with a litle time, a lot of effort, minimal money, and the help of a local odd-job-man if needed.
Combine that with a further drop in price and brand new photos. It will sell.
For 2) above, single man living in 6 bedroom house....... the obvious answer is..... lodger.
* Lodgers: advice & links for landlords & lodgers0
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