Hello & Happy New Year to you all!
I am considering the Buy, Refurbish & Refinance strategy and in this scenario would be using a bridging loan for the purchase (along with my own savings for the refurb).
Whilst I know predicting the market is nearly impossible, I would like to be able buy with some confidence that the local market would be in a good position in the short term so I could continue with my strategy and refinance, pay the bridging loan off and pull out some (or hopefully all) of my money.
Are there any market indicators I should be looking for? Is there ever a "right" time, or is it best to just go for it as long as the fundamentals are there in my chosen area?
I am wondering if anybody with experience in this strategy could give me some advice?
Thanks a lot, and happy investing!
Ed.