Tag Archive for: Fix and flip
Testimonial From Repeat Client
Hard Money Mike is about building long term relationships with our clients to help them attain their goals.
How Hard Money Mike Does Business: FAST!
Hard Money Mike does business differently than most others in the industry. Our #1 goal is to HELP YOU.
Truly. It’s as simple as that.
We want to BOOST your cashflow, find the very best products for your specific projects, and place you in a solid financial position.
We also strive to move at the speed of light.
What does that mean, exactly? Well, it means we can close most deals in DAYS, not weeks. Our team works efficiently and effectively to dot all I’s and cross all T’s to ensure you sign the dotted line as soon as possible.
No more sweating bullets as you wait weeks (or even months) to close a deal. With us, you can often close within a week!
Now Is the Time to Act
The world is a little crazy right now.
But that craziness has placed real estate investors in a unique and POWERFUL position.
With time on our hands and the market in constant fluctuation, now this is the PERFECT time to boost your cash flow.
That’s right: BOOST.
How?
A few strategies:
- Lower your rates: Rates are at an all-time low. If you wait until the market rebounds, you might miss out on those rates and get locked into much higher, more expensive rates.
- Improve your return on credit (ROC): Wherever you are with your financing, it’s always worth a checkup to see if you can get a Return on Credit increase.
- Skip a payment or two: With rising job uncertainty, some of your tenants might have a harder time covering their rent. Put yourself in the best financial situation possible. Give them a couple months of no payments. And once they start paying rent again, consider lowering their payments. If they’re safe, you’re safe.
- Get out of private loans. One simple point can increase your cash flow. For example, a $300K loan could mean hundreds of dollars in your pocket.
- Look at interest-only loans.
- Lower your term and rate.
Don’t wait until the markets rebound. You might miss months or even years of lower payments.
NOW is the time to act!
Let’s get the process moving TODAY.
2-Step Loan Program: Quick to Buy, Quick to Refi
2-Step Loan Program: Quick to Buy, Quick to Refi
One of the key factors to making more on your investments is working with a lender who can handle your short-term AND long-term loans. Or rather, help you quickly buy and quickly refinance a property.
Why find a 2-Step loan program?
Well, most investors don’t have the luxury of closing a deal in 30 plus days. They need to close as fast as possible, especially if they’re buying from a wholesaler with a strict deadline.
However, many investors are nervous about using non-traditional funding (like hard money) to close a deal upfront. What if they get stuck in an expensive loan for months and months? What if they can’t get approved for a long-term loan and get stuck with that expensive loan?
That’s why it’s so important to work with a lender who can handle both sides of the coin. And not just any lender, but a lender who has experience with short-term and long-term loans.
Benefits of working with experienced lenders:
When you work with an experienced lender who offers a 2-Step Loan Program, you’ll:
- Be able to quickly buy and quickly refinance a property.
- Maximize your return on credit.
- Maximize your refinance.
- Enjoy less confusion and stress.
Think of a 2-Step Loan Program like a one-stop-shop for all of your real estate loans.
Less work, less hassle, more money.
Ready to learn more? Check out our YouTube Channel, download our investor tools, or Contact us today to get the ball rolling.