Tag Archive for: hard money

How to Buy a Property with ZERO Money Down

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How to Buy a Property with ZERO Money Down

How to Buy a Property with ZERO Money Down

Did you know you can buy a real estate property with zero money down?

It’s true! Just check out these 4 key steps:

4 Crucial Steps to Buying Real Estate with ZERO Down
If you want to buy a property and put less money (or no money) down, then check out these 4 steps.

Buy discounted properties.

You might be able to find discounted properties on the MLS. Maybe. But you’ll probably have more luck finding them via a wholesaler. Especially when it comes to value-add properties (i.e. fix and flips and rentals).

Set up your loan properly.

This is an important 2-Step Process. The trick is to purchase with a hard money loan, and then quickly refinance with a long-term loan. That way you can get the highest loan amount possible. It all starts with discovering what you qualify for on the long-term side. Once you know what that loan looks like, you can match that number to your hard money loan.

Use rate and term, NOT cash out.

Okay, deep breath.

We’re not going to get into the nitty gritty of these mortgage terms, but we are going to highlight the significant differences.

Setting your loan up as a cash out can be very tempting. You get money at closing. What’s better than that, right?

Well, did you know when you set up your loan as a cash out, you:

  • Pay higher costs
  • Take a lot longer to refinance out of your expensive hard money loan
  • Qualify for lower loan amounts

With a rate and term, all of that changes. You:

  • Spend far less cash up front
  • Refinance out of pricey hard money loans a lot faster (like, we’re talking months faster than a cash out)
  • Enjoy lower rates

Better yet, your cash flow will multiply because you get to do more with your money when you pay less for your loans. This is actually a simple process to set up if you work with someone who can help you with both your hard money and long-term loans.

Put zero money down by finding the right lender

To seal the deal, find a lender who can handle these kinds of loans.

Unlike most other lenders, our team has the expertise, knowledge, and ability to handle everything from hard money to conventional loans. Plus, we treat you like a teammate, not a number.

With our help, you can start buying your properties with no money down today. Let’s chat!

Happy investing.

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The Smart Way to Invest in Real Estate

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The Smart Way to Invest in Real Estate

If your goal is to make money and generate positive cash flow, then you need to be smart about the way you invest in real estate.

And one of those ways is finding the RIGHT lender for you. Especially if it’s a lender who can help you with both your hard money and long-term loans.

At the Cash Flow Mortgage Company (previously known as Investor Real Estate Loans), our dedicated, hardworking team focuses on 3 important steps:

Offering OPTIONS

Whether it’s hard money, bridge loans, refinances, or 30-year mortgages, we have the skills, knowledge, and credentials to handle every step of your real estate deals.

Providing a fast and efficient system.

Speed and efficiency are pivotal in the real estate business, especially when it comes to value-add properties. If you can’t close quickly, then you will likely lose precious opportunities…and a lot of money.

Why?

Well, because when you use multiple lenders, you’ll waste time shopping around, getting rejected, filling out the same paperwork you filled out for the last lender, and dealing with countless other obstacles.

We’re here to help you get off that frustrating hamster wheel once and for all. We focus on streamlining your system so you can take advantage of every opportunity and leave your competitors in the dust.

Helping you make a lot of money!

Cash flow is king in this business and we want you to rule the areas you invest. By giving you multiple options and helping you streamline your process, we’ll help you double, triple, or even 10X the amount of money you make. And we’ll help you do it with a lot less stress and frustration.

The Cash Flow Mortgage Company is all about you and making you money. Because cash flow makes life flow.

Ready to chat about your loan options? Great, we’re here and ready to help.

Happy investing!

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Investor Inspo: Multi-unit Fix-and-Flip in Ohio

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We’re so impressed with this Multi-Unit Fix-and-Flip in Ohio!

 

While we’ve seen a good share of motivating investor inspo over the past few weeks, we never get tired of seeing the incredible transformations from our clients. Check out these awesome Before-and-After photos of a multi-unit fix-and-flip from one of our clients in Columbus, Ohio!

 

Multi-unit fix-and-flip exterior

Multi-unit fix-and-flip

While seeing these awesome before-and-afters is certainly inspiring, it also requires some cash to pull off similar results. If you’re looking for ways to fund your future fix-and-flips, we have a solution for you!

Give us a shout!

 

Hard Money Mike is a lender based in Colorado. We lend money on all types of commercial-based properties. So whether your dream deal is a fix-and-flip, vacant land, whole-tailing, or requires a builder bridge loan, we’ve got you covered. We offer services in several states, including Ohio.

Call Mike Bonn at: 303-539-3000 or email Mike@HardMoneyMike.com

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

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Investor Inspo: Dallas Fix-and-Flip

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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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Introducing Your New Partner: Money

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If you’ve been watching the mortgage industry reports over the past few weeks, it shouldn’t come as a shock to you that the banks are quickly closing their doors to investors. In fact, if you run an investment property business and have relied solely on traditional funding, it’s practically impossible to find money to close your deals the old-fashioned way. 

 

But don’t give up hope just yet. We’d like the chance to introduce you to your new funding partner: Cash money.

If you need funds to close your deals, the quickest way to secure it in these unprecedented times to STOP relying on banks and traditional financing options. Believe it or not, there are tons of other sources of investment capital out there, and they just so happen to already be in your phone’s contact list.

 

When it comes time to fund your next deal, instead of turning to the bank and patiently waiting to be shot down, why not place a call to a potentially willing partner instead? Whether it be a grandparent, a fellow real estate investor, your golfing buddy, or your next-door neighbor, chances are you already know someone who might be looking to make their savings balance work a little harder for them (and therefore, you!)

Asking acquaintances or friends for funds can be a tricky subject, but with the right approach, it’s perfectly possible to do so while keeping it legal, safe, and honest – not to mention PROFITABLE – for all parties involved.

Don’t be beholden to banks. Money is king, so take back control of your financial future and put yourself where the money is.

We can help you start the conversation with our Guide to OPM Funding Webinar series! Get more info and signed up here >>>>

 

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The Lending Faucet Has Been Shut Off. What Happens Now?

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Everyone knows that you kill a business by cutting off their credit/finance. Once the credit is cut off, we are all in trouble.

 

Or, ARE we?

 

Did you hear the lending markets just explode/implode in on the investor market?  What felt like overnight (within mere weeks,) the traditional funding faucet was virtually turned off. Lenders across the country are pumping the brakes on loans for investment properties due to COVID19-related closures, job losses, and resulting economic uncertainty.

 

What does this mean for folks who rely on that normally steady stream of capital for investment real estate funding? The existing and would-be landlords? The fix-and-flippers? The fix-and-holders? The short answer: Without credit or funding, investing in properties becomes problematic. Therefore, MAKING money becomes much tougher. 

 

Notice that we said ‘tougher,’ and not ‘impossible?’ There IS another way…

 

Now is the perfect opportunity to create your very own banking system.

 

“What does that even mean,” you may find yourself asking? It means finding PEOPLE, not banks, with money—money that they would be willing to invest. This could be your mom, your best friend, your neighbor, or anyone else who has some extra funds that they want to put to work for their future financial benefit.

 

Don’t allow the banks to socially distance you from your investment income! Learn how to keep your business running steady now and in the future by having a consistent stream of OPM- or Other People’s Money- funding. 

Join us for our next weekly Webinar, where we’ll be going over market updates and the basics of how to transition your lending stream from traditional lenders to OPM funds, all while keeping it legal, keeping it safe, and keeping it honest for you AND your funding partners!

 

Get signed up here >>>>

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Investing Rules You Must Know

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Every investor should know 3 rules of thumb:

The 2%, 50%, and 70% Rules.

If you don’t know what these are, check out this video from Bigger Pockets.

Real Estate Investing Rules You MUST Know (The 2%, 50% & 70% Rules)

Ready to talk about your deals and how you can fund them with our 2-Step Loan Process? Then contact us today!

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Friday Fun – First Time Flipping Houses

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Friday Fun – Cash Flowing

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Friday Fun – Cash Flowing

Friday Fun – Cash Flowing

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Thursday Tips: 5 Things Fix-and-Flip Shows Don’t Tell You

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Fix and flip shows present a skewed reality. There is a defined formula that’s followed throughout each episode. Every moment of the show presents the best experience of working on a fix and flip without including much of the hard work that happens behind the scenes.

Read the whole article here.

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