November 16, 2018

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Fix And Hold Property Pueblo, CO

Fix and Hold Property Pueblo, CO

Fix and Hold Property Pueblo, CO  – Total Funded – $61,100

Located in Pueblo, this quaint 2 bed, 1 bath home will be remodeled and refinanced into a conventional loan. The borrower plans to complete a few minor repairs, including a new furnace, oven, and windows. As always, we’re happy to help borrowers find solutions to their financial needs here at Hard Money Mike, so let us know if we can help you!

Stay tuned for after photos!

For more info and news on Hard Money Mike  – CLICK HERE

November 9, 2018

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Hard Money Loan in Grand Junction, CO

Hard Money Loan in Grand Junction, CO

Hard Money Loan in Grand Junction, CO – Total Funded – $140,000

We just closed another hard money loan! The borrower will use the funds to renovate the basement, install egress windows, and replace the flooring. Other planned updates include the bathrooms, kitchen, and landscaping. Upon completion, the property will be marketed for $210,000. Just another fun day of lending here at Hard Money Mike!

Check back soon for the after photos!

For more info and news on Hard Money Mike  – CLICK HERE

November 2, 2018

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Fix And Flip Property Woodland Park, CO

Fix and Flip Property Woodland Park, CO – Total Funded – $245,000

Another renovation is underway! Built in 1978, this 1,900 square foot property will be updated to fit modern times. The owner plans to redo the kitchen, bathrooms, and floors, and also coat the interior and exterior with fresh paint. Once finished, the after value repair (ARV) is estimated to be $350,000.

Check back soon for the after photos!

For more info and news on Hard Money Mike  – CLICK HERE

October 29, 2018

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Hard Money Mike Quote of the Week Oct 29 2018

Hard Money Mike Quote of the Week Oct 29 2018

One of the biggest hurdles we find for new real estate investors is taking action and purchasing that first flip or rental.  We never suggest buying to buy but you must start today and identifying a good deal and getting it closed.

 

Hard Money Mike 5 Oct 2018

October 26, 2018

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Fix and Flip Property Duluth, MN

Fix and Flip Property Duluth, MN

Fix and Flip Property Duluth, MN – Total Funded – $168,000

This 1,300 square foot property is about to undergo some hefty renovations. The owner plans to update the floors, kitchen, and bathrooms. In addition, the electricity, windows, and garage will receive some much needed TLC. Upon completion, the after value repair (ARV) is estimated to be $240,000.

Come back later to check out the after photos!

For more info and news on Hard Money Mike  – CLICK HERE

October 22, 2018

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Hard Money Mike Quote of the Week Oct 22 2018

Hard Money Mike Quote of the Week Oct 22 2018

Spending time updating your knowledge of the real estate investment business is a lever to business profits.

 

Hard Money Mike 4 Oct 2018

October 19, 2018

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Fix And Flip Property Colorado Springs, CO

Fix and Flip Property Colorado Springs, CO

Fix and Flip Property Colorado Springs, CO – Total Funded – $147,000

This 4 bed, 2 bath property in Colorado Springs is ready for an update. Throughout the house, the owner plans to renovate the kitchen and bathrooms, replace the floors and broken windows, and repair all the damaged interior walls. They’ll also paint the inside and outside of the house and fix the roof.

Check back soon for the after photos!

For more info and news on Hard Money Mike  – CLICK HERE

October 17, 2018

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The Power of Leverage in Real Estate Investing

The Power of Leverage in Real Estate Investing

 

A great article in Forbes.com by Alex Hemani

 

The Power Of Leverage

Many people understand the power of leverage in principle, but are a little unclear about how it plays out in practice. Consider this example: An investor has $50,000 to put toward single-family rental real estate. There are a number of options for how to use this capital, including:

• Option 1: Buy a $50,000 property for cash. This approach produces no leverage.

• Option 2: Put the $50,000 toward the purchase of a $100,000 property, using financing like a bank mortgage loan to cover the other $50,000. This produces 50% leverage.

• Option 3: Put the $50,000 toward the purchase of two $100,000 properties, again using financing to cover the remainder of the purchase price. This produces 75% leverage, and spreads your potential gains and risks over two properties.

 

Click here for the full article

 

October 15, 2018

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Hard Money Mike Quote of the Week Oct 15 2018

Hard Money Mike Quote of the Week Oct 15 2018

The smart real estate investor and lender spends time learning and studying the market and the business.

 

Hard Money Mike 3 Oct 2018

October 12, 2018

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Fix and Flip Property Esko, MN

Fix and Flip Property Esko, MN

Fix and Flip Property Esko, MN – Total Funded – $140,000

Another project is underway! Some of the renovations planned for this 3 bed, 2 bath property include replacing the siding and roof, updating the bathrooms and floors, and upgrading the electric system. Upon completion, the after value repair (ARV) is estimated to be $200,000.

Come back later to check out the after photos!

For more info and news on Hard Money Mike  – CLICK HERE