Tag Archive for: BRRRR

Quick to Buy, Quick to Refi – A New Rental Investment Strategy

Quick to Buy, Quick to Refi, a new 2-step loan strategy, helps you maximize your loan amounts while limiting the amount of cash you put into a project. It also helps you rapidly finish your projects and buy again, and again, and again.

What does that all mean? It means you no longer need to worry about missing out on great deals and getting stuck in expensive hard money loans.

The Quick to Buy, Quick to Refi strategy all starts with properly setting up your short AND long-term loans.

Now, even though your short-term loan will come first (to quickly buy an under market property from a wholesaler), a key step is to FIRST get pre-qualified for the long-term loan. Why? To ensure you’re able to maximize both loan amounts. If you can qualify for a larger loan upfront, then it’s likely your short-term lender will match that amount.

It also means you’re already going through the process for securing a long-term loan as you begin renovating a property with a short-term loan. Think, “Two birds, one stone.” By the time you finish renovations, you’re ready to refinance into a long-term loan.

But, hold on. You also need to know about the types of refinances. There are two you need to know about: “rate and term” and “cash out”. And yes, it matters you know the differences.

Ready to find out what about those differences? Then check out the whole video here and start capturing free equity, boosting your cash flow, and investing in more properties.

Want more videos with more tips to maximize your cash flow? Then check out our new video page, or subscribe to our new YouTube channel! Be sure to also check out all of our invest tools.

Buying a Duplex – What NOT To Do

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!

Hold and Rent Greeley, CO

 

The investor purchased this property in Greeley, Colorado using Hard Money Mike loan for hold and rent.

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.

Investor Real Estate Loans funds investor loans in single family and commercial buildings.

Hard Money Mike 303-539-3000

BRRRR (our 2 Step) IN GRAND JUNCTION, COLORADO

BRRRR (our 2 Step) IN GRAND JUNCTION, COLORADO

$0 Money in from Investor

 

BRRRR (our 2 Step) IN GRAND JUNCTION, COLORADO

 

From close to close in less than 60 days and $0 out of pocket for purchase, rehab or closing.

 

This investor was able to get his hard money (short -term loan) quickly, purchase this fix and hold and rent, with $0 money down and refinance into a conventional loan in less than 60 days.

 

We do not see deals with this much built in equity as often as we use to but we still come across them.  Great way to start your rental portfolio or to buy and 1031x up to larger multi units.

 

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.

 

Investor Real Estate Loans funds investor loans in single family and commercial buildings.

 

Motivation Monday – Courage

Friday Fun – Hammer

Motivation Monday – Reward

Thursday Tips: 10 Strategies For Finding Real Estate Investment Deals

How do you find good deals? Well, that’s what this video from Bigger Pockets discusses. In this video, you’ll learn about the top 10 strategies for finding great real estate investment deals, even in a competitive market.

What are you waiting for? Now’s the time to find a great deal and start investing. Need help? No worries. Our team is here and ready to coach you through the process.

Friday Fun – Making the Best of a Bad Situation

Intro to BRRRR

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).

Intro to BRRRR

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.