Did you know you have more than one option when it comes to financing your property investments?
As you can see, there are 5 paths to take with financing your properties:
Standard/Traditional
Non-Standard
Local Banks
EZ Loan
Limited Credit or Experience Loans (also known as Non-QM)
So, which loan type is best for your project so you can boost your cash flow and reach your goals faster? Find out here on our sister site, Investor Real Estate Loans.
https://hardmoneymike.com/wp-content/uploads/2019/10/adult-beard-business-2102415-scaled.jpg25601707Jenna Weldonhttps://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.pngJenna Weldon2021-06-21 10:30:522022-01-19 11:16:455 Paths to Financing Your Loan
Ready to talk about your deals and how you can fund them with our 2-Step Loan Process? Then contact us today!
https://hardmoneymike.com/wp-content/uploads/2020/01/person-holding-coin-1602726.jpg14402160Jenna Weldonhttps://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.pngJenna Weldon2020-10-20 09:00:092020-10-01 15:58:27Investing Rules You Must Know
Whether you’re getting ready to invest in your first rental units, or you’ve been renting for years, it’s always a good idea to learn from other people’s mistakes. In this video, Chandler David Smith tells us about the lessons he’s learned and what NOT to do as an investor. Check it out!
Ready to start investing? Need some guidance? Then contact our team. We’re ready to show you how to invest and invest right!
https://hardmoneymike.com/wp-content/uploads/2019/10/house_driveway_lawn_estate.jpg512768Jenna Weldonhttps://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.pngJenna Weldon2020-08-18 09:00:212020-08-04 10:31:58Buying a Duplex – What NOT To Do
BRRRR is great, but did you know there are 2 key pillars of BRRRR that most investors don’t know about? Whether you’re just starting out with real estate investing, or you’re an ol’ pro, you should consider taking advantage of these crucial steps to ensure you don’t miss out on cash boosting opportunities.
Take a look at this video and learn about the two key pillars of the BRRRR method.
If you invest in rental properties, then you need to:
These steps help you maximize your loan amount while limiting the cash you need to put into each deal. They also ensure you’re able to buy more deals and build your portfolio at a faster pace.
Through research and conversations, we discovered many investors are confused about how to get going on a deal with little to no money. So, we’ve taken a step back and tried to figure out why that is.
We found out many investors don’t understand the power of the appraisal/ARV. When you get into a long-term loan, you get to use the appraisal value/ARV. It doesn’t matter what you originally paid for the property or the amount of money you put in to fix it up. As long as you set up the loan properly, then you should be able to use the appraised value/ARV.
If you’re ready to maximize your cash flow, capture lots of free equity, and live the life you want, check out the full video.
One of the best ways to make the most on your investments is to find wholesale deals. But, how do you do that? Well, here are 5 tips from REIClub.com. Check them out!
Check out this article from Bigger Pockets! There’s a brand new, enhanced way to look at the BRRRR strategy that could save you a lot of money.
It’s called BARRR: Buy, ADVERTISE, rehab, rent, refinance, repeat.
“Consider it a much-needed addition that has the potential to save you tax dollars, perhaps allowing you to take your spouse out to that super high-end restaurant downtown…”
https://hardmoneymike.com/wp-content/uploads/2019/10/abandoned-abandoned-building-black-and-white-2116491-scaled.jpg25601920Jenna Weldonhttps://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.pngJenna Weldon2020-08-04 01:00:192022-01-13 02:58:50BRRRR Is Out, BARRRR Is In
Are you looking for a simple, easy-to-use strategy to use on your rental investments? Then we recommend Bigger Pockets’ BRRRR strategy (also known as BARRRR).
BRRRR/BARRRR stands for:
Buy
Advertise
Rehab
Rent
Refinance
Repeat
For a full introduction to this real estate investment method, check out this video from Bigger Pockets.
https://hardmoneymike.com/wp-content/uploads/2019/10/daylight-design-floor-2829007-scaled.jpg25601707Jenna Weldonhttps://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.pngJenna Weldon2019-11-13 09:00:392022-01-19 11:47:12Intro to BRRRR
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