This investor quickly purchased this property in Englewood, Colorado using the Two Step Method.
The investor saved time and money out of pocket by using the same lender for both
his short-term and his long-term loan for this flip and rent property. Not to mention, that it also frees up his cash flow for more deals in the future.
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.
https://hardmoneymike.com/wp-content/uploads/2020/03/Two-Step-Deal-in-Englewood-CO.png334682Jenna Weldonhttps://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.pngJenna Weldon2021-03-18 09:37:142021-03-08 12:13:44TWO STEP DEAL IN ENGLEWOOD, CO.
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.
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