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We might be based in Colorado, but that doesn’t mean that as our client you have to miss out on deals in other states! In fact, Hard Money Mike lends on properties in several states, like with this Texas fix-and-flip!

Texas fix-and-flip deal

We love seeing our clients crush their investment goals, even from afar! Take, for instance, this Texas fix-and-flip property purchased by one of our clients. We were able to fund this deal in a week.

Yes, you read that right.

Investors and wholesalers alike will find the short-term loan process at Hard Money Mike quick and easy. We pride ourselves on making it easier to get the cash flow you need for quick property purchases. Who wants to wait around when they’re trying to close a deal and add to their investment portfolio?

In other words, we want to help you make more money even faster!

Hard Money Mike is a lender based in Colorado, lending money on all types of commercial based properties: fix and flip, land, whole tailing, and builder bridge loans.

Have your eyes set on an investment property on the single-family or commercial building side? The Cash Flow Mortgage Company funds investor loans on properties in both of these categories. Long story short: whatever deal you’re trying to fund, chances are, we can help you get it done!

Give us a call:

Hard Money Mike  303-539-3000

*All non-commercial and construction loans offered by TNS Loans NMLS #1719349

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Dallas Fix-and-flip exterior

Nobody does fix-and-flip curb appeal like these Dallas clients.

Check out these amazing Before-and-After photos of this Dallas Fix-and-Flip!

 

Dallas fix-and-flip living room

These clients did an amazing job transforming this living room into a much more liveable space.

Dallas fix-and-flip bedroom

From dark and cave-like, to light and inviting, this bedroom looks pretty dreamy to us!

Dallas fix-and-flip kitchen

From cluttered to cool, this kitchen got a pretty serious glow-up.

Dallas fix-and-flip bathroom

Not even the bathroom escaped noticed in this impeccable flip!

We’re still in awe of this amazing fix-and-flip investment deal from our Dallas area clients. A little imagination and some investment capital can go a long way towards transforming a haggard house into an updated future home!

We never tire of watching our clients change the face of their neighborhoods in a positive way. This property is a shining example of what the real estate investing community is all about: improving a neighborhood and enjoying a profitable rehab!

Looking for a hard money loan to fund your own flip? Look no further.

How do you take the guesswork out of getting your deals funded for rehab projects like this one? Simple: By partnering with Hard Money Mike.

Hard Money Mike is a lender based in Colorado. We offer a large pool of lenders so we can be sure to find the right fit for your project. We regularly lend money for all types of commercial-based properties. So whether your project is a fix-and-flip, land, whole-tailing, or a builder bridge loan, we have you covered.

If this flip has you feeling inspired, we want to know about it! Contact Mike Bonn at 303-539-3000 or email Mike@HardMoneyMike.com to start exploring your lending options!

Want even more awe-inspiring investor inspo? Check out what some of our other clients have been up to…

*All non-commercial and construction loans offered by TNS Loans NMLS #1719349

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Non-Conventional Mortgage Loans Are Making a Comeback…

Non-conventional loans are closing again

Non-conventional mortgage loans are getting funded again.

What We Know:

Finally, we’re seeing an influx of non-conventional mortgage loans being funded. Hopefully, this positive change is bringing some relief to both investors and their buyers who don’t fit neatly into the conventional mortgage lending box.
 
Mortgage loans in this lending bucket typically do not require tax returns but rely on bank statements or leases for income.
 
Even though some are back, requirements for securing these loans have increased and are a little harder to obtain.  The majority of the lenders have a starting point of a max 65% LTV and a credit score of 700+.  The good news is the rates have not skyrocketed. There are now lenders lending who had previously been turning away would-be investors.
Light at the end of the lending tunnel

There’s a light at the end of the lending tunnel again.

 

The Takeaway:

We are on the road to lending opening back up. The economic restrictions and resulting uncertainty appear to be lessening. Apparently, to the point where lenders are feeling confident enough to begin closing riskier deals again.
Make no mistake, it will be a slow process. But there appears to be a light at the end of the COVID lending tunnel. Stay tuned as we provide continuing outlook updates over the course of the coming weeks.
In the meantime, if you’d like to review your financing options for investment properties, feel free to reach out! We’re always happy to run your numbers with you.
*All non-commercial and construction loans offered by TNS Loans NMLS #1719349
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investment power player

Be a real estate investment power player by harnessing the power of OPM funding.

You don’t have to be a bench warmer in the real estate investment world. Transform yourself into a power player! 

 

It’s easy to think that with the COVID-19 shutdowns, stay-at-home orders, and lasting economic uncertainty that now is an okay time to sit idle and just see what happens in the real estate investment world.

 

And that would be your first mistake.

 

By many standards, there’s never been a better time to go all-in for your real estate investment business. Mortgage rates are low, making previously out-of-reach properties insanely affordable. Showings are still under a good deal of restrictions and safety precautions. But this just means the buyer pool is limited to the extremely serious. Great news for fix-and-flip investors looking to turn a quick profit!

 

It’s true, the banks have been saying no, but that doesn’t mean the game is over. We’re here to tell you that there are other ways to play besides begging the banks to fund your deals.

 

Put your future in your hands: Make the switch to OPM (Other People’s Money) funding and stop waiting on the bank.  When the deals start popping up (and they will,) you’ll be able to buy the properties you want when you want, and for what you want to pay. 

Instead of sitting on the bench, you can be actively working to build that dream life, even in times of uncertainty.

 

Questions on how to go about making this transition? Luckily for you, we’re hosting an Intro to OPM Webinar where we’ll be covering all the critical details of how to make this crucial switch for your investment business!

 

Get signed up >>>

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Check out this first-time investment property flip from our newbie mother/daughter client team:

Investment Property Exterior

This newbie team jumped all in and tackled this investment property flip in Colorado Springs, Colorado with the help of a general contractor. In less than 6 short months, this mother and daughter duo added some much-needed updates and some serious curb appeal and are already under contract to sell and take their profits and move on to the next deal! Pretty impressive for a first-time flip!

Investment Property bathroom

Bathroom before-and-after

Investment Property kitchen

From cluttered kitchen to bright-and-shiny function!

Investment Property Bedroom

Bedroom before-and-after

The best part of this deal? This was an investment property in their own neighborhood!

 

A fix-and-flip deal doesn’t have to be made across town: Look for deals in your own backyard (or, you know, down the street.) These clients not only fixed up a home to turn a profit for themselves, but they helped update their neighborhood at the same time. Making money while increasing the value of you AND your neighbors’ homes? That’s what we call a #HouseFlipping win, and ultimately, it’s really the thing a good fix-and-flip deal is made of.

 

We could all probably learn something valuable from this team about making smart choices about the locations of our investment properties.

 

It’s easy to sit back and draw inspiration from the successes of others, but if you happen to be on the hunt for hard money funds to jump into your own first-time flip, we can help! Contact us today to see if we can help you realize your investment property dreams!

 

Rental Property Loans>>>

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Some serious added curb appeal was only the beginning for this Colorado flip.

Better than As-Seen-on-TV

How’s this for a Fixer Upper? Come with us as we explore some impressive investor before-and-afters from right here in Colorado!
This impressive flipper was able to transform this dated, worn-out property in less than two months! From dump to gem, and from purchase to under contract in less than two months!

We know which kitchen we’d rather be cooking quarantine meals in…

Yes, even in this crazy COVID-lockdown world, homes are getting updated and sold in record time. Rates are extremely low, and smart investors who have figured out how to work around the banks are taking advantage.

New and improved backyard oasis.

From scary and dark, to light, bright and inviting entryway.

From dark and dank to spa-level luxury in the bathroom.

Love how the flippers are making neighborhoods better one house at a time.
Sign up for our newsletter to receive updates, and we’ll keep you posted once the property closes and our client takes his profits and moves on to the next deal!
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New-home construction sees its largest monthly decline since March 1984, as COVID closures take a toll.

 

According to March’s economic report by MarketWatch, new-build housing starts and permits have fallen to their slowest pace since last July.

Builders started construction on new homes in the U.S. at a pace of 1.22 million in March, representing a 22% decrease from a revised 1.56 million in February. However, even with this decrease, the figures were still 1.4% higher than a year ago.

It’s the largest decline we’ve seen since March 1984.

Permitting activity, however, had a little less dramatic of a slowdown. Privately-owned housing unit permits were authorized at a seasonally-adjusted rate of 1.35 million. That was 6.8% below the revised pace of 1.45 million set in February, but still 5% above last year’s rate.

This news isn’t all doom and gloom, however.
Yes, housing starts are down and inventory is very low, but these conditions create some interesting market conditions.  With the lockdown and the rise in unemployment, one would start to think we may have a housing crash on our hands (and it’s still possible if closures and stay-at-home orders continue much longer.)
For now, with mortgage rates so low (buyers still mainly purchase on payments they can afford) and inventory shrinking, it is keeping home prices high. There’s not enough inventory to meet buyer demand, and therefore, prices remain stable.
What this means for the future will all come down to how long our economy is closed.
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