Buy it right – It is extremely hard to add value to a property if the initial purchase price was high. There is a great quote from Sir Alan Sugar “The profit is in the purchasing”. In a hot property market, it’s difficult to buy below market value; but for unmodernised, run-down properties, the market for a cash 4-week purchase (using bridging finance) becomes more achievable to obtain a bargain. Add value – This is the key. The works undertaken must be of high quality and to such a level that the finished property’s value has increased to allow the funds you have invested to be recycled. Deliver on time and to budget – If the project takes more time the bridging loan costs increase, and any cost that overrun dilute the increased value you are seeking to achieve. We have financed properties where we didn’t recognise the finished property from the original we financed at the start. The WOW factor had been achieved, more space had been added, the project was delivered on time & to budget and the result was a large increase in value for the client. We do see real-life cases we have refinanced, where the client has managed to recycle all of their deposit for the next deal, but it is not easy and like any career involves hard work and dedication.