The Real Deal: Colorado Springs 2-Step Process
In today’s Real Deal spotlight, we’d like to share a project that one of our clients in Colorado Springs completed. He used the 2-Step Process to add a rental property to his real estate portfolio.
And boost his cash flow.
But, first, let’s chat about the 2-Step Process. What is it? And why is it so important to use when it comes to funding your deals?
Well, essentially, the 2-Step Process is how investors interested in BRRRR (Buy, Rehab, Rent, Refinance, Repeat) buy their houses. It allows them to quickly buy a value-add property with a hard money loan, and then quickly refinance into a cheaper long-term loan.
By using this funding method for his short-term and short-term loan, our client was able to:
- Save money
- Invest more by using ARV equity
- And boost his cash flow.
Furthermore, if our client hadn’t used the 2-Step Process, he might’ve missed out on this great deal. Because he might’ve had to wait weeks or months to close, and when it comes to discounted properties, waiting isn’t an option. If you want to buy, then you have to buy FAST!
Hard money loans allow you to do that. And we can help you get a hard money loan.
Better yet, our sister company, The Cash Flow Mortgage Company, can help you quickly refinance. Because nobody wants to keep paying high interest rates, right? The faster you can get a long-term loan, the better!
Ready to chat about funding your next rental property? Great! Our team is here for you at any time.