tricks to help sell flips in a slow market

Tricks to selling a home in a slowing market.

How do you sell a house in slow markets?

A few tricks from past down turns.

Age and experience helps every once in a while and this is one of those times.

I have been through some tough markets over the past 30 years in this business.

So when clients start asking for tricks to help sell homes in slower markets…I offer strategies like these that have worked well in the past:

  1. Don’t cut the price but try buying down your borrowers interest rate. A lot of times paying one or two points toward their interest rate will help them qualify and give them a 30 year benefit (the lower rate).

    Example. I just spoke with a client with a home in a smaller community with a home priced over $600k that is stalling. He was going to drop the price $20k to help it move. I suggested offering to pay 2 points to buy down the buyers rate. This may only cost him $8 to $12k over the $20k and get the same result. Just depends on the size of loan the new buyer will need.

  2. Give an incentive to the realtors. Sometimes just a $5k incentive to realtors will get them to push your property to their buyers over the competition. So if a buyer is looking between a couple homes get their realtor on your side.
  3. Do a combination of lowering the price, buying down the rate and giving the realtors a bonus.

    Make your property stand out from your competition.

    The markets will slow down and carrying homes longer than you expect can cost more than incentives.

    Be aggressive and get it sold now. There are going to be better deals for you in the near future.

    Rates are not going down anytime soon so we need to adjust to the new reality…and still make money.

    With rates going up prices will come down.

    Don’t be the last home looking for a buyer.


In the next 6 to 9 months we will see the beginning of a buyers’ market.

Prices will go down and more opportunity to make that generational wealth will increase…for those who are prepared.

Be prepared. Be money prepared. The deals will be there.

Those with easy, fast money will create generational wealth.

This requires a mix of bank loans, hard money loans and most important real OPM (real private money to fill the holes). You will need them all.

Start now and be money prepared. If you wait it may be too late (the large funds may beat, you to the homes).

We can help. 30 + years of working with banks and private money sources at your service.

Money is the FUEL to propel your business past your competition.

We will be helping those who want to prepare with DIY or mastermind type groups.

This includes getting your credit in line and lining up the funds to close on what you want when you want.

If you want to be prepared email me at and right in the subject line “Be Prepared”

Happy investing.

How to find and value properties

Money Chat Encore: How to Find and Value a Property

Money Chat Encore: How to Find and Value a Property

Do you know how to find and value a property? If not, here’s your second chance to participate in this week’s Money Chat with Mike Bonn.

Mike will be hosting an encore Money Chat tomorrow, Thursday, September 9th at 11 a.m. MST. 

During tomorrow’s chat, Mike will answer all of your questions on how to find and value a property.

Because it’s important to understand how to invest in good, cash flowing properties before putting your hard earned money into real estate deals.

So don’t miss out! This is your second chance to join other like-minded real estate investors and ask all of your questions to a lending expert.

How to find and value a property

If you’d like to join Mike’s Money Chat tomorrow, then you can register for FREE here.

During the virtual call, Mike will answer common questions like:

  • How do I find properties in my area? 
  • How do I evaluate a property to make sure it’s a good investment? 
  • What resources can I use to help me out with this process?

By the end of the Money Chat, you should have a much better grasp of how to find and value your real estate investments, including fix and flips and rentals.

Can’t make it to tomorrow’s chat? No problem. Let us know and we’ll set up more Money Chats on how to find and value a property. Or you can reach out to our team and schedule a time for a one-on-one call. That way you have an opportunity to ask all of your questions on how to find and value properties.

But, if you’d like to tune in LIVE tomorrow to listen and participate with other real estate investors, then here’s your chance.


Tomorrow at 11 AM MST


Virtual nationwide.

Register for free at

Mike and the rest of the Hard Money Mike/Cash Flow Mortgage Company team looks forward to seeing you tomorrow!

If you have any questions about our weekly Money Chats, then our team is here to answer them any time.

Happy investing!

How To Buy a Fix and Flip: The First Key Steps

How To Buy a Fix and Flip: The First Key Steps

How To Buy a Fix and Flip: The First Key Steps

Do you know how to buy a fix and flip? Because if you’re new to investing in real estate, there’s a chance you’re not sure where to begin this process.

You might think, “Well, I’ll just get a loan.” But do you know what “getting a loan” really means?

That’s why today we’re going to take a look at the different real estate lenders you can rely on—and which ones you might have to rely on until you boost your credit score, build a real estate portfolio, or complete one of the other qualifications that some lenders require.

To begin, there are 5 popular real estate lenders. Each one has various pros and cons, so let’s start with the most simple and basic lenders.

Friend or Family Member

The upside to asking a friend or family member for a loan is, well, you’re asking a friend or family member for a loan. You know them, and you probably know them very well…well enough to ask them for money.  The only qualification you really need is a decent relationship.

The downside is, well, you know them. They’re your friend, your dad, your sister, or someone else you have deep roots with. That makes the entire loan process way more personal, which means there’s a lot of potential for drama—both now and in the future.

Business Partner

Instead of going through a family member or friend, you can get a business partner. A business partner can lend you the money to buy a value-add property with very few if any qualifications. The big pro here is they take on most—if not all—of the financial risks. It’s their money, not yours.

On the flip side, it’s their money, not yours. That means some business partners get greedy. Rather than splitting profits fairly, they demand the lion’s share. To them, it might not matter if you were the one who did all the actual work. They took the risk, so they should get a bigger reward at the end of the day.

Hard Money

If you have some basic qualifications, you can skip the first two lenders we’ve talked about and get a loan through a hard money lender. Hard money loans (aka, Fix and Flip loans) are great when you need to close a real estate deal FAST. We’re talking days instead of weeks or months.

Unfortunately, hard money can be expensive. Rates tend to be higher than other lenders. But every hard money lender varies, so it’s absolutely worth shopping around. Plus, hard money loans aren’t intended to be long term, so the high cost can actually save you a lot of pain AND money in the long run.

What is hard money? Check out our truth revealing series on YouTube!


Banks are the most traditional lender out there. In fact, most real estate investors look to this type of lender before they consider any other. And, why not? Banks usually have the lowest rates available.

Unfortunately, banks also have the strictest requirements, and if you don’t meet those requirements, you’ll get rejected. Worse, the application process is a lot more in-depth, which means closing can take A LOT longer. Which means that perfect investment property you wanted gets snatched up by someone using a faster lender.


Aka, “Other People’s Money.” This is exactly how it sounds. You use other people’s money to buy a property. This is different than asking a family member, friend, or business partner for financial help because there are more boundaries. With OPM, a lender charges interest. That’s it. There aren’t points or profits involved. It’s simple and easy.

The only downside of OPM is finding those who are willing to lend their money to you. But that’s where gaining experience and knowledge in real estate investing helps. The more you know, the more you can prove you’re worth the investment.

So, there you have it. Those are the 5 ways to buy a fix and flip property. Each one has its pros and cons, but each one is a viable option. It just depends on YOU and your financial situation.

Bad credit? No credit? You might have to start with a family member, friend, or business partner

Great credit? Solid income? Extensive real estate portfolio? You probably can jump straight to hard money or a bank loan. Or, better yet, OPM.

Each investor has a different path.

Ready to find out what your path is? Great! Our team is here to help. We’re excited to set you on a path that helps you make the kind of money you need…to live the life you want.

Happy investing!

Ohio Fix and Flip: Before and After Spotlight

Before and After photos on a Fix and Flip Deal in Ohio


Check out these Before and After photos from one of our clients in Canal Winchester, OH from his fix and flip project.

When you go through Hard Money Mike, you can count on a hassle-free process for rehab projects like this one. Hard Money Mike is a lender based in Colorado, lending money to several states, including Ohio. Hard Money Mike can lend money on all types of commercial based properties: fix and flip, land, whole tailing, and bridge loans.


Call Mike Bonn at: 303-539-3000 or email



When do I need a Bridge Loan?

What is hard money?

What Is A Hard Money Loan?

Have you heard of the term “Hard Money” and wondered what it is and why you would need it? Find out in this video with Mike Bonn.