Tag Archive for: Real estate lender

Friday Fun – Yes, but No

Take Advantage of the Fix and Flip Escalator

Now that you’ve seen the benefits of the Fix and Flip Escalator, let’s talk about what you can do to take advantage of it!

  1. Start with what you have and see how you can enhance it. For example, what are your assets and experience level, and how can you use them to accelerate yourself up the escalator?
  2. Show off your work! Create a portfolio. The more you analyze your project history the more likely bankers and lenders will fight for your business.
  3. Fix your credit. Your credit should range between 670-800+. If it’s below that, you should focus on fixing it.
  4. Keep up to speed on the finance world. Be aware of what products are available to support your current and future plans.
  5. Find people who can help you with the finance stuff. Because, again, math. Ugh!
  6. Create a roadmap to financial success!

By moving away from an expensive partner and heading toward profit boosting cash, you’re sure to make A LOT more money A LOT faster.

Which means you can start fulfilling all of your lifelong dreams sooner.

Quick Deal Analyzer

Product Intro: Quick Deal Analyzer

Introducing the new Quick Deal Analyzer from Hard Money Mike!

With the Quick Deal Analyzer, you’ll be able to find out:

  1. If the estimated profits are in line with your goals.
  2. If the ARV will work for you and your lender.
  3. If the project is worth the effort at the end of the day.

If you’re interested in making more money on your next deal, download the Quick Deal Analyzer here.

Motivational Monday – Own It

What’s Your 2-Year Plan

Close your eyes. Clear your mind. Take a deep breath.

Now, let’s pretend we’re talking to each other two years from now. What happened during that time period that made you proud and put a smile on your face? How does your cash flow look? What kind of work schedule do you have? How does life look for you and your family?

When it comes to investing, we have discovered that thinking ahead two years leads to the most success. Why two years? Well, it’s short enough to imagine without being overwhelming, and it’s long enough to create tangible, positive change in your life.

Coming up with a plan is as easy as one, two, three:

Step 1: Imagine where you want to be in two years.

Step 2: Evaluate where you’re starting at today.

Step 3: Create a plan that connects your current reality to your future dreams.

How do you formulate an actual plan? Well, that’s what our team is here to help you do. It’s just a matter of picking up the phone and giving us a call to chat.

One conversation can change your future…and your life!

Friday Fun – Hmmm

Loan Optimizer

Loan Optimizer Explainer

Looking for a powerful tool to analyze the financing of your next project? Then check out our new explainer about the Loan Optimizer!

If you’re ready to download this beneficial tool, click here.

 

 

Fix and Flip Escalator: Bigger and Better

When you use the Fix and Flip Escalator, you’ll quickly realize it’s not magic. It’s SIMPLE math.

This week, let’s use the escalator to see what your money does when you complete four deals per year.

 

Hard Money > Soft Money

Profits increase by­ $12,000

$12,000 x 4 deals = $48,000

 

Hop up another step to bank financing, and this happens:

 

Hard Money  > Banking

Profits increase by $17,000

$17,000 x 4 deals = $68,000

 

Then look at how your profits skyrocket over the course of two years:

Hard Money > Soft Money

$48,000 x 2 years = $96,000

 

Hard Money > Banking

$68,000 x 2 years = $136,000

 

You know what these numbers mean, right? Yes, instead of losing $136,000, you’re making $136,000. That’s money you can reinvest or spend on…anything! Hey, it’s your money. You can do whatever you want with it.

Are you ready to hop on the escalator yet? If so, contact us!

Motivational Monday – Invest Today

Friday Fun – Ruff Week